HB5687 SFAT Barrett #1 3-11

Johnson  7909

Senator Barrett moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. House Bill 5687—A Bill to amend and reenact §11-13A-3, §11-13A-3a, and §11-13A-5a of the Code of West Virginia, 1931, as amended, relating to severance tax on metallurgical coal, oil, and gas, reducing the tax rate imposed on the gross value of metallurgical coal produced in this state; allowing a half-percentage reduction in the rate of severance tax on metallurgical coal each year for three years; temporarily modifying the amount of severance tax on newly drilled oil and natural gas wells; temporarily modifying certain allocations of the severance tax to counties and municipalities; and specifying the duration of the temporary time period.

Adopted

Rejected