West Virginia House Bill 4458 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 11)
Status: Introduced on February 11 2014 - 25% progression, died in committee
Action: 2014-02-11 - To House Education
Pending: House Education Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to dedicate a portion of natural gas severance tax proceeds into the newly created Tax Reduction Fund. The bill permits up to 50% of moneys from that fund to be distributed for the purpose of tax reduction for the benefit of the citizens of West Virginia as the Legislature deems appropriate. The bill provides that, upon the ratification of a Constitutional Amendment that permits the elimination or reduction of the personal property tax on inventory and equipment held for commercial or industrial use, the fund then be annually distributed to counties and county school boards on a proportionate basis. The bill further sets forth how any moneys would be distributed to the counties.

Establishing the Tax Reduction Fund in the State Treasury

Del. Daryl Cowles [R]	Del. Troy Andes [R]	Del. Tim Armstead [R]	Del. Scott Cadle [R]
Del. Joe Ellington [R]	Del. Paul Espinosa [R]	Del. Larry Faircloth [R]	Del. Eric Householder [R]
Del. Patrick Lane [R]	Del. John McCuskey [R]	Sen. Randy Smith [R]

Date	Chamber	Action
2014-02-11	House	To House Education
2014-02-11	House	Introduced in House
2014-02-11	House	To Education then Finance
2014-02-11	House	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
11	13A	20a	Amended Code	Citation Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=4458&year=2014&sessiontype=RS&btype=bill
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=hb4458%20intr.htm&yr=2014&sesstype=RS&i=4458