H. B. 3125
(By Mr. Speaker, Mr. Kiss, and Delegate Trump)
[By Request of the Executive]
[Introduced March 22, 2005; referred to the
Committee on Government Organization then Finance.]
A BILL to amend and reenact
§11-13J-12
of the Code of West
Virginia, 1931, as amended, relating to 'The Neighborhood
Investment Program Act'; requiring an independent review of
the Neighborhood Investment Program every two years; and
extending the termination date of the act.
Be it enacted by the Legislature of West Virginia:
That §11-13J-12 of the Code of West Virginia, 1931, as
amended, be amended and reenacted to read as follows:
ARTICLE 13J. NEIGHBORHOOD INVESTMENT PROGRAM.
§11-13J-12. Program evaluation; expiration of credit;
preservation of entitlement.
Annually Beginning on the fifteenth day of December, two
thousand five, and every second year thereafter. the Director shall
secure an independent review of the neighborhood investment program
created by this article and present the findings to the Joint Committee on Government and Finance. Unless sooner terminated by
law, the Neighborhood Investment Program Act shall terminate on the
first day of July, two thousand
five eight. No entitlement to the
tax credit under this article shall result from any contribution
made to any certified project after the first day of July, two
thousand
five eight, and no credit shall be available to any
taxpayer for any contribution made after that date. Taxpayers
which have gained entitlement to the credit pursuant to eligible
contributions made to certified projects prior to the first day of
July, two thousand
five eight, shall retain that entitlement and
apply the credit in due course pursuant to the requirements and
limitations of this article.
Finance Committee Amendment Pending
The Committee on Finance moves to amend the title of the bill
to read as follows:
H. B. 3125 -- "
A BILL to amend and reenact
§11-13J-12
of the
code of West
Virginia, 1931, as amended, relating to 'The
Neighborhood Investment Program Act'; requiring an independent
review of the Neighborhood Investment Program every two years; and
extending the termination date of the act."
Finance Committee Amendment Pending
The Committee on Finance moves to amend the bill on page one, section twelve, line twenty-one, by striking the works "
Biannually,
on or before the fifteenth day of July, and on or before the
fifteenth day of December" and inserting in lieu thereof the
following:
"Beginning on the fifteenth day of December, two thousand five,
and every second year thereafter".
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