Bill Text: WV HB5489 | 2024 | Regular Session | Introduced

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Bill Title: Relating to removing the tax exemption for credit unions.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-02-06 - To House Banking and Insurance [HB5489 Detail]

Download: West_Virginia-2024-HB5489-Introduced.html

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WEST VIRGINIA LEGISLATURE

2024 REGULAR SESSION

Introduced

House Bill 5489

By Delegate Criss

[Introduced February 06, 2024; Referred to the Committee on Banking and Insurance then Finance]

A BILL to repeal §31C-2-8 of the Code of West Virginia, 1931, as amended, relating to removing the tax exemption for credit unions.

Be it enacted by the Legislature of West Virginia:

 

ARTICLE 2. Formation of credit union.

§1. Repeal of section creating Tax Exemption for Credit Unions.

 

That §31C-2-8 of the Code of West Virginia, 1931, as amended, is repealed.

 

NOTE: The purpose of this bill is to repeal the tax exemption for credit unions.

Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.