Senate Bill No. 499
(By Senators Jenkins, White, Guills, Barnes and Plymale)
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[Introduced January 30, 2008; referred to the Committee on
Finance.]
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A BILL to amend and reenact §11-13A-3b of the Code of West
Virginia, 1931, as amended, relating to eliminating the
severance tax on timber.
Be it enacted by the Legislature of West Virginia:
That §11-13A-3b of the Code of West Virginia, 1931, as
amended, be amended and reenacted to read as follows:
ARTICLE 13A. SEVERANCE TAXES.
§11-13A-3b. Imposition of tax on privilege of severing timber;
elimination of tax in two thousand nine.
(a) Imposition of tax. -- For the privilege of engaging or
continuing within this state in the business of severing timber for
sale, profit or commercial use, there is hereby levied and shall be
collected from every person exercising such privilege an annual
privilege tax.
(b) Rate and measure of tax. -- The tax imposed in subsection (a) of this section shall be three and twenty-two hundredths
percent of the gross value of the timber produced, as shown by the
gross proceeds derived from the sale thereof by the producer,
except as otherwise provided in this article: Provided, That as to
timber produced after the thirty-first day of December, two
thousand six, the rate of the tax imposed in subsection (a) of this
section shall be one and twenty-two hundredths percent of the gross
value of the timber produced, as shown by the gross proceeds
derived from the sale thereof by the producer, except as otherwise
provided in this article.
(c) Tax in addition to other taxes. -- The tax imposed by this
section shall apply to all persons severing timber in this state
and shall be in addition to all other taxes imposed by law.
(d) Elimination of tax. -- Beginning in the year two thousand
nine and subsequent years thereafter, the tax imposed by this
section is discontinued.
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(NOTE: The purpose of this bill is to eliminate the severance
tax on timber.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.)
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FINANCE COMMITTEE AMENDMENTS
On page two, section three-b, line fourteen, after the word
"the" by inserting the word "tax";
On page two, section three-b, line fifteen, by striking out
the word "subsequent" and inserting in lieu thereof the words
"continuing for three consecutive tax";
And,
By striking out the title and substituting therefor a new
title, to read as follows:
Eng. Senate Bill No. 499--A Bill to amend and reenact §11-13A-
3b of the Code of West Virginia, 1931, as amended, relating to
eliminating the severance tax on timber for three years.