HB2675 HFA R. Phillips 2-17

            Delegates R. Phillips, Cadle and Walters moves to amend the bill as follows:

            On page 2, section 4, line 10, by striking “Provided, That the tax is $.50 per ton and the measure of the tax is tons of clean coal severed or produced in this state by the taxpayer after June 30, 2015, for sale, profit or commercial use during the taxable year.”; 

            On page 3, section 4, line 36, by striking “Provided, That the rate of this additional tax shall be $.042 per mcf of natural gas and the measure of the tax is natural gas produced after June 30, 2015, determined at the point where the production privilege ends for purposes of the tax imposed by section three-a, article thirteen-a of this chapter, and with respect to which the tax imposed by section three-a of article thirteen-a is paid.”;

            On page 4, section 4, line 55, by striking “Provided, That after June 30, 2015, for the privilege of engaging or continuing within this state in the business of severing timber for sale, profit or commercial use, there is levied and shall be collected from every person exercising this privilege an additional annual privilege tax equal to two and four tenths percent of the gross value of the timber produced, determined at the point where the production privilege ends for purposes of the tax imposed by section three-b, article thirteen-a of this chapter and upon which the tax imposed by section three-b of article thirteen-a is paid.”;

            On page 7, section 4, line 109, after word “expire”, by inserting the words “on June 30, 2015.”, and by striking the remainder of the subsection.

ADOPTED

REJECTED