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]
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.
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
Del. Tom Fast [R] |
History
Date | Chamber | Action |
---|---|---|
2015-02-24 | House | To House Judiciary |
2015-02-24 | House | Introduced in House |
2015-02-24 | House | To Judiciary then Finance |
2015-02-24 | House | Filed for introduction |
Same As/Similar To
SB519 (Similar To) 2015-02-19 - To Finance
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
11 | 3 | 9 | Amended Code | Citation Text |