Senate Bill No. 229

(By Senator Jenkins)

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[Introduced January 8, 2014; referred to the Committee on Natural Resources; and then to the Committee on Finance.]

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A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-21-10b, relating to personal income tax; providing a credit against that tax for fees paid for recycling items of residential household waste; limiting the credit to $600; and granting rule-making authority.

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 §11-21-10b, to read as follows:

ARTICLE 21. PERSONAL INCOME TAX.

PART I. GENERAL.

§11-21-10b. Credit for recycling fees.

    A credit against the tax imposed by this article is allowed for fees an individual pays to recycle items of residential household waste including, but not limited to, paper products; plastic, metal or glass containers; and household electronic devices. The credit may not exceed $600, annually. The Tax Commissioner shall propose a legislative rule for legislative approval as provided in article three, chapter twenty-nine-a of this code to implement this section.

    NOTE: The purpose of this bill is to provide a credit against personal income tax for fees paid for recycling items of residential household waste, not to exceed $600. The bill also grants rule-making authority.

    This section is new; therefore, strike-throughs and underscoring have been omitted.