Source: http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4632%20intr.htm&yr=2012&sesstype=RS&i=4632
Timestamp: 2018-01-20 15:29:51
Document Index: 266745108

Matched Legal Cases: ['§11', '§11', '§11', '§11', '§11', '§24', '§11', '§11', '§11', '§11', '§11', '§24', '§11', '§11', '§11', '§11', '§11']

HB 4632 Text
Introduced Version House Bill 4632 History
(By Delegates Varner, Carmichael, Boggs,
White and T. Campbell)
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §11-13CC-1, §11-13CC-2, §11-13CC-3, §11-13CC-4 and §11-13CC-5; and to amend and reenact §24-2-1j of said code, all relating to creating the Energy Intensive Industrial Consumers Revitalization Tax Credit Act; making legislative findings and declaring purpose; establishing tax credits for suppliers of coal to certain electric utilities who are subject to the coal severance tax; establishing a $40 million limit on the tax credits; setting forth when the tax credits may be taken; setting forth how the tax credits are calculated and allocated; setting forth how the payments triggered by the tax credits are to be made; establishing when the tax credit expires; granting the Public Service Commission certain authority concerning special rates; and requiring information on special rates in the Public Service Commission’s annual report.
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new article, designated §11-13CC-1, §11-13CC-2, §11-13CC-3, §11-13CC-4 and §11-13CC-5; and to amend and reenact §24-2-1j of said code, all to read as follows:
§11-13CC-1, §11-13CC-2, §11-13CC-3, §11-13CC-4 and §11-13CC-5 are new; therefore, it has been completely underscored.