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Introduced Version House Bill 4888 History

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Key: Green = existing Code. Red = new code to be enacted

FISCAL NOTE

WEST VIRGINIA LEGISLATURE

2024 REGULAR SESSION

Introduced

House Bill 4888

By Delegates Sheedy, Willis, Winzenreid, Stephens, Barnhart, Zatezalo, Kelly, and Heckert

[Introduced ; referred
to the Committee on the ]

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated §11-28-1, relating to distribution of 10 percent of state revenues derived from sales tax, excise tax, severance tax, or generated by any other means be placed in General Revenue and returned to the County offices of the Division of Highways.

Be it enacted by the Legislature of West Virginia:

 

ARTICLE 28.  DISTRIBUTION OF TAXES FROM SALES TAX, EXCISE TAX, SEVERANCE TAX, OR GENERATED BY ANY OTHER MEANS to county offices of the division of highways.

§11-28-1. State revenues derived from sales tax, excise tax, severance tax, or generated by any other means.

(a) Notwithstanding any provision of this code to the contrary, effective after the fiscal year ending in 2024, and in order to benefit all counties affected by the increased highway usage such as tourism and mineral extraction, 10 percent of all state revenues derived from sales tax, excise tax, severance tax, or generated by any other means imposed by this code, shall be placed in General Revenue and returned to the county offices of division of highways where these taxes were collected. These funds are in addition to the funding allocated to the county offices of the division of highways allocated by the Legislature.

(b) The additional funding from the taxes collected as stated in subsection of this section shall be used to supplement higher wages, replace labor forces cut by previous administrations.

(c) Two percent of the additional funds generated by this section shall be used to replace aging equipment and replace equipment sold in past years.

NOTE: The purpose of this bill is to distribute 10 percent of state revenues derived from sales tax, excise tax, severance tax, or generated by any other means be placed in General Revenue and returned to the County offices of the Division of Highways.

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

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