WV HB2816 | 2017 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 7 2017 - 25% progression, died in chamber
Action: 2017-03-28 - House rejected (Roll No. 225)
Text: Latest bill text (Comm Sub) [HTML]

Summary

The purpose of this bill is to solve the immediate fiscal crisis and stabilize the budget of the State of West Virginia. This bill increases the sales and service tax and use tax rates by one-half cent from 6% to 6.5%, with an expiration date of June 30, 2020, if certain parameters are met with respect to the revenue shortfall reserve funds. The bill also limits the exemption or exception of certain professional services and advertising services from the sales and services tax and use tax, and eliminates the exemption from sales tax for certain sales of materials acquired for use in state highway projects. This bill creates and provides for the operation of an annual privilege tax of two tenths of 1% on the gross income of entities engaging in commercial activity in this state, exempting certain entities from the tax, and providing for an expiration date of June 30, 2020 if certain parameters are met with respect to revenue shortfall reserve funds. In addition, this bill increases the rate of the barrel tax on nonintoxicating beer and eliminates the film industry tax credit. Finally, this bill establishes a commission to study feasibility of eliminating West Virginia personal income tax.

Tracking Information

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Title

Eliminating new film tax credits

Sponsors


Roll Calls

2017-03-28 - House - House rejected (Roll No. 225) (Y: 39 N: 60 NV: 1 Abs: 0) [FAIL]
2017-03-27 - House - Amendment rejected (Roll No. 208) (Y: 0 N: 97 NV: 3 Abs: 0) [FAIL]
2017-03-27 - House - Amendment rejected (Roll No. 207) (Y: 0 N: 97 NV: 3 Abs: 0) [FAIL]

History

DateChamberAction
2017-03-28HouseHouse rejected (Roll No. 225)
2017-03-28HouseRead 3rd time
2017-03-28HouseOn 3rd reading, Special Calendar
2017-03-27HouseAmendment rejected (Roll No. 208)
2017-03-27HouseAmendment rejected (Roll No. 207)
2017-03-27HouseRead 2nd time
2017-03-27HousePlaced at foot of 2nd reading
2017-03-27HouseOn 2nd reading, Special Calendar
2017-03-25HouseRead 1st time
2017-03-25HouseOn 1st reading, Special Calendar
2017-03-24HouseBy substitute, do pass
2017-03-07HouseTo House Finance
2017-03-07HouseIntroduced in House
2017-03-07HouseTo Finance
2017-03-07HouseFiled for introduction

Same As/Similar To

SB484 (Similar To) 2017-04-05 - Communicated to Senate

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
1113X13Amended CodeCitation Text
1113X4Amended CodeCitation Text
11153Amended CodeCitation Text
11158Amended CodeCitation Text
11159Amended CodeCitation Text
1115A2Amended CodeCitation Text
111613Amended CodeCitation Text
112197New CodeSee Bill Text
11281New CodeSee Bill Text
112810New CodeSee Bill Text
112811New CodeSee Bill Text
112812New CodeSee Bill Text
112813New CodeSee Bill Text
112814New CodeSee Bill Text
112815New CodeSee Bill Text
11282New CodeSee Bill Text
11283New CodeSee Bill Text
11284New CodeSee Bill Text
11285New CodeSee Bill Text
11286New CodeSee Bill Text
11287New CodeSee Bill Text
11288New CodeSee Bill Text
11289New CodeSee Bill Text

West Virginia State Sources


Bill Comments

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