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Updated: 7:53 PM Mar 9, 2010
Bill Aims to Keep College Grads in West Virginia
Lawmakers are considering a bill that would offer incentives to keep college grads from crossing state lines.
Posted: 6:58 PM Mar 9, 2010Reporter: Carrie Jones Email Address: carrie.jones@wsaz.com |
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CHARLESTON, W.Va. (WSAZ) -- Keeping college graduates in West Virginia is the idea behind a bill in the hands of lawmakers.
Senate Bill 324 has undergone a few revisions but would now offer a $10,000 tax credit to college students who graduate from a West Virginia school and stick around to work.
The original bill allotted for a $25,000 tax break and a $500 tax credit for interest paid on student loans.
The tax break would be available for graduates of two- and four-year colleges and technical colleges. People returning to school to get their degree or master's, could also take advantage of it.
The Charleston Area Alliance has been behind the bill from the beginning.
"It's a competition right now for young educated professionals in this country, and we have to do something to give us a competitive edge, Charleston Area Alliance President, Matt Ballard says.
Ballard says the tax break also could be used as leverage for businesses and higher education institutions.
"They can use it for a recruitment tool and, say for the first two years you are here, you are going to give a tax write off," Ballard says.
Latest Comments
Posted by: James
on Mar 11, 2010 at 01:11 PM
This is a great bill. But Charleston needs to think more about the lack of an entertainment vista. Young professionals are looking for places to meet other professionals. We need to consider turning Capitol Street into a walking vista by closing it to traffic from the Blvd to Lee Street, as it is done during Festival. String it with lights and open the sidewalks to dining al fresco. For a great example...see Burlington Vermont Church Street. Tax breaks are great but if you want young professionals you have to give them somewhere to spend their money.
Posted by: Graduate
on Mar 10, 2010 at 04:08 PM
What about those of us that have already graduated from WV colleges and chose to stay in WV? Will this be available to us as well? I certainly hope so.
Posted by: young black professional female
on Mar 10, 2010 at 09:37 AM
Kudos to WV legislature, gov. Manchin and all those behind this bill; I am a Huntington native now living in Louisville Kentucky due to more opportunities when i graduated from college. Thank you law makers ...make this happen the Mountain state is losing is most precious resource.....her people!
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