West Virginia House Bill 2998 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on March 14 2017 - 25% progression, died in committee
Action: 2017-03-14 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to provide a tax credit and a loan insurance program for providing broadband to unserved and underserved areas of West Virginia. The bill requires the Tax Commissioner to propose rules for legislative approval to administer the tax credit provisions of the bill. It also provides definitions; determines the amount of tax credit; provides how the tax credit is taken and its application, including an annual cap on the tax credit and prohibition against a carryover or carryback to subsequent or previous tax years. The bill also provides for a loan to be made by the West Virginia Board of Treasury Investments to the West Virginia Economic Development to establish a loan insurance program to insure repayment of debt obligations by broadband providers in West Virginia to provide broadband service to underserved areas of the state.

Providing tax credits for providing broadband service and wireless broadband service to unserved areas

Del. Roger Hanshaw [R]

Del. Moore Capito [R]

Date	Chamber	Action
2017-03-14	House	To House Finance
2017-03-14	House	Introduced in House
2017-03-14	House	To Finance
2017-03-14	House	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
11	13DD	1	New Code	See Bill Text
11	13DD	2	New Code	See Bill Text
11	13DD	3	New Code	See Bill Text
11	13DD	4	New Code	See Bill Text
11	13DD	5	New Code	See Bill Text
11	13DD	6	New Code	See Bill Text
11	13DD	7	New Code	See Bill Text
12	6C	11	Amended Code	Citation Text
31	15	8	Amended Code	Citation Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=2998&year=2017&sessiontype=RS&btype=bill
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=hb2998%20intr.htm&yr=2017&sesstype=RS&i=2998