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Introduced Version Senate Bill 605 History

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Key: Green = existing Code. Red = new code to be enacted
Senate Bill No. 605

(By Senators Caruth, Prezioso, White, Palumbo,

Sypolt, Williams, Barnes, Unger, Deem, Plymale, Stollings and Kessler)

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[Introduced March 16, 2009; referred to the Committee on the Judiciary; and then to the Committee on Finance.]

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A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-12B-3a, relating to providing a tax credit for purchase of new safety equipment.

Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §11-12B-3a, to read as follows:
ARTICLE 12B. MINIMUM SEVERANCE TAX ON COAL.
§11-12B-3a. Credit for purchase of new safety equipment.

(a) The Mine Safety Technology Task Force, established in section two, article eleven, chapter twenty-two-a of this code, shall compile an annual list of new safety equipment that would improve coal mine health and safety.
(b) Any company that purchases new safety equipment that is on the annual list as provided in subsection (a) of this section shall be allowed a fifty percent credit against the severance tax imposed by this article for the cost of the equipment purchased.


NOTE: The purpose of this article is to allow for a tax credit for coal companies that purchase new safety equipment that is approved by the Mine Safety Technology Task Force.

This section is new; therefore, strike-throughs and underscoring have been omitted.
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