"Brains for Business" Bill Reintroduced at W.Va. Capitol

CHARLESTON, W.Va. (WSAZ) -- Lawmakers are down to the wire to get legislation passed before the regular session ends on Saturday.

The Senate Economic Development Committee discussed what's referred to as the "Brains for Business" bill Tuesday morning.

The House of Delegates passed the bill on February 28, but it later failed in the Senate Economic Development Committee.

However, Senator Brooks McCabe from Kanawha County pushed to get the bill reintroduced and it passed the committee. Now the bill is being sent to the Senate Finance Committee.

The bill would give tax credits to those who work in the state for three years after they graduate from any university in or out of state. The tax credit would also be available for students who graduate from in-state community colleges.

Senators tell WSAZ.com they all agree it's a great way to keep graduates in the state, but they're still looking at how it will affect the state's budget.

The 2012 regular session ends this Saturday at midnight.


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