West Virginia Senate Bill 419 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 25 2012 - 25% progression, died in committee
Action: 2012-02-01 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Comm Sub) [HTML]

The purpose of this bill is to revise the high-growth business investment tax credit. The bill permits eligible start up, early stage or growth oriented taxpayers to take the credit. The bill lowers certain gross receipt and payroll requirements. The bill also increases the amount of credit available. Further, the bill requires the economic development authority to assist in preparing legislative reports. The bill requiring new rules to be promulgated. Additionally, the bill redefines terms and changes effective dates.

Revising high-growth business investment tax credit

Sen. Richard Browning [D]

Sen. Art Kirkendoll [D]

Sen. Robert Plymale [D]

Date	Chamber	Action
2012-02-01		To Finance
2012-02-01		Committee substitute reported, but first to Finance
2012-01-25		To Economic Development
2012-01-25		Introduced in Senate
2012-01-25		To Economic Development then Finance
2012-01-25		Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
11	13U	10	Amended Code	Citation Text
11	13U	2	Amended Code	Citation Text
11	13U	3	Amended Code	Citation Text
11	13U	4	Amended Code	Citation Text
11	13U	5	Amended Code	Citation Text
11	13U	8	Amended Code	Citation Text
11	13U	9	Amended Code	Citation Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=419&year=2012&sessiontype=RS&btype=bill
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=sb419%20intr.htm&yr=2012&sesstype=RS&i=419
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=SB419%20SUB1.htm&yr=2012&sesstype=RS&i=419