HB3144 SFAT #1 Blair 3-16

Johnson 7909


Senator Blair moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. House Bill 3144A Bill to amend the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated 11-13EE-1, 11-13EE-2, 11-13EE-3, 11-13EE-4, 11-13EE-5, 11-13EE-6, 11-13EE-7, 11-13EE-8, 11-13EE-9, 11-13EE-10, 11-13EE-11, 11-13EE-12, 11-13EE-13, 11-13EE-14, 11-13EE-15, and 11-13EE-16, all relating generally to Coal Severance Tax Rebate; findings and purpose; defining terms; providing for rebate of severance tax when capital investment made in new machinery, equipment, or improvements to real property directly used in severance of coal, or in coal preparation and processing plants; providing rules and procedures for claiming rebate and transfer to successors; imposing recapture tax in certain circumstance; providing rules for interpretation and construction; requiring periodic rebate reports; authorizing rulemaking; and providing for severability and effective date.