Delegate Bates move to amend the bill on page one, following the article heading, by striking out the remainder of the bill and inserting in lieu thereof, the following:
Ҥ5B-2E-11. Termination; conditions on future eligibly for tax credits.
The Development Office may not accept any new project application
after December 31, 2019 2025 and all applications submitted prior
to January 1, 2020 2026 that have not been previously approved or
not approved, shall be deemed not approved and shall be null and void as of
January 1, 2020 2026: Provided, That effective January 1,
2020, to avoid the appearance of a conflict of interest and undue influence
over receipt of tax credits, no company owned by a state-wide elected or
appointed position that directs or supervises the development office shall be
eligible for a tax credit pursuant to this article.”
And,
To amend said title to bill to read as follows:
“A Bill to amend and reenact §5B-2E-11 of the Code of West Virginia, 1931, as amended, relating to extending tax credits for certain tourism development and expansion projects authorized under the West Virginia Tourism Development Act; and limiting eligibility thereto.”