SB101 HFA White and Craig
Delegates White and Craig move to amend the bill on page
four, line forty-four, following the words "used for profit" by
striking out the semi-colon and inserting in lieu thereof a colon
and the following:
"Provided, That the amount of exemption for the public purpose
of distributing electricity shall result in a reduction of electric
rates for those customers supplied by the exempted taxpayer, and
shall be apportioned equally across the customer base: Provided,
however, That the exempted taxpayers may not compete with taxpaying
entities for customers or electricity sales;"
ADOPTED
REJECTED