H. B. 2280
(By Delegate Walters)
[Introduced February 11, 2005; referred to the
Committee on Industry and Labor, Economic Development and Small
Business then Finance.]
Be it enacted by the Legislature of West Virginia:
A BILL to amend the code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §11-1-1b, relating to
the Economic Fairness Act of two thousand five; and requiring
the Tax Commissioner to refund to the five counties with the
highest unemployment twenty percent of the personal income tax
That the code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §11-1-1b, to read as
ARTICLE 1. SUPERVISION.
§11-1-1b. The Economic Fairness Act of 2005.
(a) It shall be the duty of the Tax Commissioner to designate
the five counties with the highest average unemployment during the previous three years and refund to those counties twenty percent of
their personal income tax collections from the previous year:
That the maximum refund to one county shall not exceed
five hundred thousand dollars.
(b) The refunds provided in subsection (a) of this section
shall be paid to the general fund of the counties with the specific
designation that the refunds be used for projects defined in
section four, article fifteen, chapter thirty-one of this code.
(c) Each of the counties so designated shall submit to the
West Virginia Economic Development Authority an economic
development plan which must first be approved by the authority
before the refunds are released to the counties.
NOTE: The purpose of this bill is to create the economic
fairness act and encourage economic development in counties with
This section is new; therefore, strike-throughs and
underscoring have been omitted.