HB3000 H JUD AMT 3-24 #1

H. B. 3000 -- "A Bill to amend and reenact §11-13-2 of the Code of West Virginia, 1931, as amended; to amend said code by adding thereto a new section, designated §11-13-2q; and to amend and reenact §24-2-11a of said code, all relating to a business and occupation tax on the business of the transmission of electricity through certain electric transmission lines; imposing a business and occupation tax; setting forth legislative findings; defining certain terms; providing for the rate and measure of tax; prohibiting certain credits against tax; providing for the dedication of tax proceeds; establishing the Crossed County Transmission Line Fund; establishing the All Counties Municipalities Transmission Line Revenue Fund; providing for the distribution of tax proceeds to local governmental units; specifying establishment of accounts and for local governmental units' expenditure of funds for limited purposes; authorizing the Tax Commissioner to promulgate rules; requiring reports to the Legislature; requiring additional notice to certain property owners impacted by transmission line construction; providing for severability ; providing criteria for a certificate of public convenience and necessity for the construction of certain high voltage transmission lines."