Senate Bill No. 129

(By Senators Tomblin, Mr. President, and Sprouse,

By Request of the Executive)

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[Introduced February 15, 2001; referred to the Committee on Finance.]

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A BILL to repeal section sixteen, article fourteen, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended; and to amend and reenact section three of said article, relating to the imposition of gasoline taxes.

Be it enacted by the Legislature of West Virginia:

That section sixteen, article fourteen, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be repealed; and that section three of said article be amended and reenacted to read as follows: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 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
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(NOTE: The purpose of this bill is to continue the tax levied on gasoline at twenty and one-half cents per gallon.

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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FINANCE COMMITTEE AMENDMENTS


On page one, section three, line twenty-seven, after the word "gallon" by changing the period to a colon and adding the following proviso: Provided, however, That on and after the first day of August, two thousand seven, the tax levied by this article shall be fifteen and one-half cents per gallon.
And,
On page one, by striking out the title and substituting therefor a new title, to read as follows:
Eng. Senate Bill No. 129--A Bill to repeal section sixteen, article fourteen, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended; and to amend and reenact section three of said article, relating to extending the termination date of the extra five cents a gallon gas tax.