H. B. 2125
(By Delegate Webb)
[Introduced February 14, 2001; referred to the
Committee on Finance.]
A BILL to amend and reenact section three, article fourteen,
chapter eleven of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, relating to reducing the tax
on gasoline and special fuels by limiting the rate to the rate
imposed by federal taxes.
Be it enacted by the Legislature of West Virginia:
That section three, article fourteen, chapter eleven of the
code of West Virginia, one thousand nine hundred thirty-one, as
amended, be amended and reenacted to read as follows:
ARTICLE 14. GASOLINE AND SPECIAL FUEL EXCISE TAX.
§11-14-3. Imposition of tax.
There is hereby levied an excise tax of fifteen and one-half cents per gallon on all gasoline or special fuel, which tax shall
be computed in accordance with the appropriate measure of tax as
hereinafter prescribed in this article:
Provided, That beginning
the first day of May, one thousand nine hundred ninety-three, the
tax levied by this article shall be twenty and one-half cents in
the same amount that is imposed by all federal excise taxes per
gallon
Provided, however, That on and after the first day of
August, two thousand one, the tax levied by this article shall be
fifteen and one-half cents per gallon on all gasoline or special
fuel. The tax shall be computed as prescribed in this article.
NOTE: The purpose of this bill is to limit the state tax on
gasoline and special fuels to the same amount that is imposed by
federal taxes.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.
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