WV HB3015 | 2015 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 24 2015 - 25% progression, died in committee
Action: 2015-02-24 - To House Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

Summary

The purpose of this bill is to enact enabling legislation for the "Nonprofit Youth Organization Tax Exemption Support Amendment" to Article X of the Constitution of the State of West Virginia passed by the voters of the state at the general election of November 4, 2014. The bill exempts from property tax certain properties in this state owned by nonprofit youth organizations and built at cost of at least $100 million whether or not the property is used for the nonprofit youth organization's charitable or nonprofit purpose to help raise funds for the benefit of the nonprofit youth organization. The bill provides exceptions to the exemption. The bill sets forth programs that are to be considered charitable nonprofit uses. The bill provides for that three percent of gross revenues are to be paid in certain instances. The bill setting forth where that revenue is to be transferred. The bill establishes terms.

Tracking Information

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Title

Enabling legislation for the "Nonprofit Youth Organization Tax Exemption Support Amendment" to Article X of the Constitution of the State of West Virginia

Sponsors


History

DateChamberAction
2015-02-24HouseTo House Judiciary
2015-02-24HouseIntroduced in House
2015-02-24HouseTo Judiciary then Finance
2015-02-24HouseFiled for introduction

Same As/Similar To

SB519 (Similar To) 2015-02-19 - To Finance

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
1139Amended CodeCitation Text

West Virginia State Sources


Bill Comments

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