Recently discovered Dirac semimetals (DSMs) with two Dirac nodes, such as Na_{3}Bi and Cd_{2}As_{3}, are regarded as carrying the Z_{2} topological charge in addition to the chiral charge. We study the Floquet phase transition of Z_{2} topological DSMs subjected to a beam of circularly polarized light. Owing to the resulting interplay of the chiral and Z_{2} charges, the Weyl nodes are not only chirality dependent but also spin dependent, which constrains the behavior in creation and annihilation of the pair of Weyl nodes. Interestingly, we find a novel phase: One spin band is in the Weyl semimetal phase while the other is in the insulator phase, and we dub it the Weyl half-metal (WHM) phase. We further study the spin-dependent transport in a Dirac-Weyl semimetal junction and find a spin filter effect as a fingerprint of the existence of the WHM phase. The proposed spin filter effect, based on the WHM bulk band, is highly tunable in a broad parameter regime and robust against magnetic disorder, which is expected to overcome the shortcomings of the previously proposed spin filter based on the topological edge or surface states. Our results offer a unique opportunity to explore the potential applications of topological DSMs in spintronics.