H. B. 2103
(By Delegate Lane)
[Introduced January 9, 2008; referred to the
Committee on Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §4-1-2a, relating to
directing one half of any budget surplus in a fiscal year
equally to every West Virginia family or individual within two
hundred percent of the poverty level in the form of a tax
rebate to be mailed July 1, 2007; and providing rule-making
authority to the Tax Commissioner for implementing this
rebate.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §4-1-2a, to read as
follows:
ARTICLE 1. OFFICERS, MEMBERS AND EMPLOYEES; APPROPRIATIONS;
INVESTIGATIONS; DISPLAY OF FLAGS; RECORDS; USE OF
CAPITOL BUILDING; PREFILING OF BILLS AND
RESOLUTIONS; STANDING COMMITTEES; INTERIM MEETINGS;
NEXT MEETING OF THE SENATE.
§4-1-2a. Budget surplus to be given as rebate; rulemaking.
Notwithstanding any provision of this code to the contrary,
beginning with the fiscal year two thousand seven, one half of any
budget surplus in a fiscal year shall be given equally to every
West Virginia family or individual whose annual gross income is
within two hundred percent of the poverty level in the form of a
tax rebate to be mailed on the first day of July. For the purposes
of this section, "budget surplus" means the actual general revenue
collections minus the general revenue budget passed by the
Legislature for the applicable fiscal year.
The Tax Commissioner may propose rules for the administration
of this section for legislative approval in accordance with article
three, chapter twenty-nine-a of this code.
NOTE: The purpose of this bill is to
direct one half of any
budget surplus in a fiscal year equally to every West Virginia
family or individual whose gross income is within 200% of the
poverty line in the form of a tax rebate to be mailed on July 1,
2007
.
This section is new; therefore, strike-throughs and
underscoring have been omitted.
Email
Webmaster | © 2024 West Virginia Legislature **
