WV HB2659 | 2020 | Regular Session
Note: Carry Over of previous HB2659
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2020-01-08 - To House Banking and Insurance
Pending: House Banking & Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2020-01-08 - To House Banking and Insurance
Pending: House Banking & Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to provide for a new fee on each MFC of natural gas produced to fully fund PEIA benefits at current levels; allow a tax credit for value added jobs in West Virginia for persons paying this fee; and creating a special reserve account to assume that sufficient moneys are collected to preserve the existing insurance program for a 5-year period, then allowing excess proceeds to be directed to general revenue.
Title
Establishing a tax on the production of natural gas to fund the public employees insurance program
Sponsors
| Del. Mick Bates [D] | Del. Rodney Pyles [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-08 | House | To House Banking and Insurance |
| 2020-01-08 | House | Introduced in House |
| 2020-01-08 | House | To Banking and Insurance then Energy |
| 2020-01-08 | House | Filed for introduction |
Same As/Similar To
HB2659 (Carry Over) 2019-01-24 - To House Banking and Insurance
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 11 | 13A | 3a | Amended Code | Citation Text |
| 11 | 13A | 5c | New Code | See Bill Text |
| 11 | 13D | 3 | New Code | See Bill Text |
| 11 | 13DD | 1 | New Code | See Bill Text |
| 11 | 13DD | 2 | New Code | See Bill Text |
