West Virginia House Bill 2510 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 11-0)
Status: Introduced on January 13 2023 - 25% progression, died in chamber
Action: 2023-03-11 - On 2nd reading, House Calendar
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to create the Critical Mineral Investment Tax Credit Act of 2023. The bill exempts rare earth elements, critical minerals, and carbon-based products otherwise taxed elsewhere in code. The amount of credit allowable depends upon the cost of the qualified investment property and the number of new jobs created. Property that qualifies for another tax credit in chapter 11 of the West Virginia Code is not eligible for credit under this bill. Similarly, qualified investment property under this bill is not eligible for another credit under chapter 11 of the code. The bill includes rules for administration and enforcement of the credit. If enacted, the credit would apply to qualified investment property placed in service or use at a rare earth element or critical mineral mining or processing facility, or a manufacturing facility that uses rare earth elements or critical minerals in this state. The bill allows for qualified investment. The bill provides for an effective date. Finally, the bill establishes clear legal right to the title of chemical compounds, elements, and substances that are derived from the treatment of acid mine drainage on mined lands.

To establish the Rare Earth Element and Critical Mineral Investment Tax Credit Act

Del. Gary Howell [R]	Del. William Anderson [R]	Del. John Paul Hott [R]	Del. Mark Zatezalo [R]
Del. Wayne Clark [R]	Del. Dana Ferrell [R]	Del. Erikka Storch [R]	Del. Doug Smith [R]
Del. Chris Phillips [R]	Del. Jarred Cannon [R]	Del. Daniel Linville [R]

Date	Chamber	Action
2023-03-11	House	On 2nd reading, House Calendar
2023-01-31	House	Placed on House Calendar
2023-01-31	House	On 2nd reading, Special Calendar
2023-01-30	House	Postponed on 2nd reading, Special Calendar, until 1/31/23
2023-01-30	House	On 2nd reading, Special Calendar
2023-01-27	House	Read 1st time
2023-01-27	House	On 1st reading, Special Calendar
2023-01-26	House	Do pass
2023-01-13	House	To House Economic Development and Tourism
2023-01-13	House	Introduced in House
2023-01-13	House	To Economic Development and Tourism
2023-01-13	House	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
11	13MM	1	New Code	See Bill Text
11	13MM	10	New Code	See Bill Text
11	13MM	11	New Code	See Bill Text
11	13MM	12	New Code	See Bill Text
11	13MM	13	New Code	See Bill Text
11	13MM	14	New Code	See Bill Text
11	13MM	15	New Code	See Bill Text
11	13MM	16	New Code	See Bill Text
11	13MM	17	New Code	See Bill Text
11	13MM	18	New Code	See Bill Text
11	13MM	19	New Code	See Bill Text
11	13MM	2	New Code	See Bill Text
11	13MM	20	New Code	See Bill Text
11	13MM	21	New Code	See Bill Text
11	13MM	3	New Code	See Bill Text
11	13MM	4	New Code	See Bill Text
11	13MM	5	New Code	See Bill Text
11	13MM	6	New Code	See Bill Text
11	13MM	7	New Code	See Bill Text
11	13MM	8	New Code	See Bill Text
11	13MM	9	New Code	See Bill Text

Type	Source
Summary	http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2510&year=2023&sessiontype=RS&btype=bill
Text	http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb2510%20intr.htm&yr=2023&sesstype=RS&i=2510
Amendment	http://www.wvlegislature.gov/legisdocs/chamber/2023/RS/floor_amends/hb2510%20hfa%20keaton%201-31%20_1.htm
Amendment	http://www.wvlegislature.gov/legisdocs/chamber/2023/RS/floor_amends/hb2510%20hfa%20keaton%201-30%20_1.htm
Supplement	http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=857661012