SB371 HFA WILLIAMS 3-8 #1
Delegate Williams moves to amend the bill on page three,
following line twenty-seven, by inserting the following:
"ARTICLE 21. PERSONAL INCOME TAX.
PART I. GENERAL.
§11-21-10b. Credit for expense of reprogramming cash register.
On and after the first day of July, two thousand seven, a
credit is allowed against the tax imposed by the provisions of this
article in the amount of one hundred dollars to any eligible
taxpayer engaging in a business activity classified as having a
sector identifier consisting of the first three digits of the
six-digit North American Industry Classification System code number
of 445, or engaging in a business activity classified as having a
sector identifier consisting of the six-digit North American
Industry Classification System code number of 446110 or 447110:
Provided, That the credit authorized by this section may be applied
in any taxable year in which the eligible taxpayer was required to
reprogram its cash registers because of a change in the consumers
sales and service tax rate imposed by section three-a, article
fifteen of this chapter on sales of food and food ingredients:
Provided, however, That only a taxpayer with gross revenue that is
less than two million dollars for the immediately preceding taxable
year is eligible to use the credit authorized by this section.
ARTICLE 24. CORPORATION NET INCOME TAX.
§11-24-11b. Credit for expense of reprogramming cash register.
On and after the first day of July, two thousand seven, a
credit is allowed against the tax imposed by the provisions of this
article in the amount of one hundred dollars to any eligible
taxpayer engaging in a business activity classified as having a
sector identifier consisting of the first three digits of the
six-digit North American Industry Classification System code number
of 445, or engaging in a business activity classified as having a
sector identifier consisting of the six-digit North American
Industry Classification System code number of 446110 or 447110:
Provided, That the credit authorized by this section may be applied
in any taxable year in which the eligible taxpayer was required to
reprogram its cash registers because of a change in the consumers
sales and service tax rate imposed by section three-a, article
fifteen of this chapter on sales of food and food ingredients:
Provided, however, That only a taxpayer with gross revenue that is
less than two million dollars for the immediately preceding taxable
year is eligible to use the credit authorized by this section."
And,
On page one, by striking out the enacting section and
inserting in lieu thereof the following:
"That §11-15-8 of the Code of West Virginia, 1931, as amended,
be amended and reenacted; that said code be amended by adding
thereto a new section, designated §11-21-10b; and that said code be
amended by adding thereto a new section, designated §11-24-11b, all
to read as follows:"