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Home » US Law » 2022 West Virginia Code » Chapter 11. Taxation » Article 24. Corporation Net Income Tax » §11-24-10a. Nonrefundable Credit for Matching Contribution to Employee S Jumpstart Savings Account

(a) A nonrefundable credit against the tax imposed by the provisions of this article is allowed for a matching contribution to a Jumpstart Savings Account made in the taxable year if the beneficiary of the account is an employee of the taxpayer and a West Virginia resident, subject to the requirements of 18-30A-1 et seq. and the following:

(1) The employer must directly contribute an amount to a Jumpstart Savings Account that is equal to a contribution made by the employee to such account in the same taxable year.