West Virginia House Bill 4503 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on February 15 2010 - 25% progression, died in committee
Action: 2010-02-15 - To House Energy, Industry and Labor, Economic Development and Small Business
Pending: House Energy, Industry and Labor, Economic Development and Small Business Committee

The purpose of this bill is to allow for a tax credit for coal companies that purchase innovative safety technology that is compiled by the Mine Safety Technology Task Force and approved by the Director of the West Virginia Office of Miners' Health, Safety and Training. The bill makes legislative findings and purpose and defines terms. The bill sets forth requirements for a list of approved innovative mine safety technology. The bill specifies the amount of tax credit allowed. The bill establishes the criteria for qualified investments. The bill specifies forfeiture of unused tax credits. The bill specifies treatment for transfer of certified eligible safety property to successors. The bill also sets forth requirements for identification of investment credit property. The bill prescribes treatment for failure to keep records of certified eligible safety property. The bill further sets forth tax credit review and accountability requirements and specifies the requirements for disclosure of tax credits. The bill grants rule- making authority. The bill also amends the duties of the Director of the West Virginia Office of Miners' Health, Safety and Training and amends the duties of the Mine Safety Technology Task Force.

West Virginia Innovative Mine Safety Technology Tax Credit Act

Sen. Daniel Hall [D]

Sen. Bill Hamilton [R]

Del. Doug Skaff [D]

Date	Chamber	Action
2010-02-15		To House Energy, Industry and Labor, Economic Development and Small Business
2010-02-15		Introduced in House
2010-02-15		To Energy, Industry and Labor, Economic Development and Small Business then Finance
2010-02-15		Filed for introduction

SB507 (Same As) 2010-03-20 - Vetoed by Governor 3/25/10 - House Journal

Chapter	Article	Section	Citation Type	Statute Text
11	13AA	1	New Code	See Bill Text
11	13AA	10	New Code	See Bill Text
11	13AA	11	New Code	See Bill Text
11	13AA	12	New Code	See Bill Text
11	13AA	13	New Code	See Bill Text
11	13AA	14	New Code	See Bill Text
11	13AA	2	New Code	See Bill Text
11	13AA	3	New Code	See Bill Text
11	13AA	4	New Code	See Bill Text
11	13AA	5	New Code	See Bill Text
11	13AA	6	New Code	See Bill Text
11	13AA	7	New Code	See Bill Text
11	13AA	8	New Code	See Bill Text
11	13AA	9	New Code	See Bill Text
22A	1	4	Amended Code	Citation Text
22A	11	3	Amended Code	Citation Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=4503&year=2010&sessiontype=RS&btype=bill