Bill Text: WV SB335 | 2016 | Regular Session | Introduced
Bill Title: Eliminating severance tax on timber
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Introduced - Dead) 2016-01-20 - To Energy, Industry and Mining [SB335 Detail]
Download: West_Virginia-2016-SB335-Introduced.html
WEST virginia legislature
2016 regular session
Introduced
Senate Bill 335
By Senators Karnes, Leonhardt and Williams
[Introduced January
20, 2016;
Referred to the Committee on Energy, Industry and Mining; and then to the
Committee on Finance.]
A BILL to amend and reenact §̀11-13A-3b of the Code of West Virginia, 1931, as amended, relating to eliminating severance tax on timber.
Be it enacted by the Legislature of West Virginia:
That §11-13A-3b of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 13A. SEVERANCE AND BUSINESS PRIVILEGE TAX ACT.
§11-13A-3b. Imposition of tax on privilege of severing timber.
(a) Imposition of tax. -- For the privilege of engaging or continuing within this state in the business of severing timber for sale, profit or commercial use, there is hereby levied and shall be collected from every person exercising such privilege an annual privilege tax.
(b) Rate and measure of tax. -- The tax imposed in subsection (a) of this section shall be three and twenty-two hundredths percent of the gross value of the timber produced, as shown by the gross proceeds derived from the sale thereof by the producer, except as otherwise provided in this article: Provided, That as to timber produced after December 31, 2006 the rate of the tax imposed in subsection (a) of this section shall be one and twenty-two hundredths percent of the gross value of the timber produced, as shown by the gross proceeds derived from the sale thereof by the producer, except as otherwise provided in this article.
(c) Tax in addition to other taxes. -- The tax imposed by this section shall apply to all persons severing timber in this state and shall be in addition to all other taxes imposed by law.
(d) Elimination of tax.
-- Beginning in the tax year 2010 and continuing until the imposition of the
additional tax on the privilege of severing timber imposed by subsection (c),
section four, article thirteen-v of this chapter expires under the authority of
subsection (g), section four, article thirteen-v of this chapter, the tax
imposed by this section is discontinued. On and after expiration of the
additional tax on the privilege of severing timber imposed by subsection (c),
section four, article thirteen-v of this chapter, the tax imposed by this
section resumes, and shall apply to all persons severing timber in this state
at the rate of one and twenty-two hundredths percent of the gross value of the
timber produced, as shown by the gross proceeds derived from the sale thereof
by the producer, except as otherwise provided in this article Beginning
in the tax year 2016 the tax imposed by this section shall terminate and
expire.
NOTE: The purpose of this bill is to eliminate the severance tax on timber.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.
