ENGROSSED

H. B. 2921


(By Mr. Speaker, Mr. Kiss, and Delegates Trump,

Faircloth, Michael, Doyle, Varner and Evans)


[Introduced February 10, 2003; referred to the

Committee on Banking and Insurance then Finance.]



A BILL to amend article fifteen, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, by adding thereto a new section, designated section nine-h, relating to providing an exemption for sales and services provided by licensed mortgage brokers from the consumer sales and service tax.

Be it enacted by the Legislature of West Virginia:
That article fifteen, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended by adding thereto a new section, designated section nine-h, to read as follows:
 ARTICLE 15. CONSUMERS SALES AND SERVICE TAX.
§11-15-9h. Exemption for brokerage fees received by licensed mortgage brokers.

Services described in subdivision (5), section one, article seventeen, chapter thirty-one of this code provided by a broker licensed under article seventeen, chapter thirty-one of this code are exempt from the tax imposed by this article.