HB3000 HFA J. MILLER 3-30 #1
Delegate Miller moves to amend the committee substitute on
page eight, section (b) following line seventy-five, by inserting
the following:
""Proportional payments to landowners" means payments calculated
proportionally for land or land use rights purchased or otherwise
taken by eminent domain from private persons or entities for the
construction, use or right-of-way of extra-high voltage electric
transmission lines, which are paid directly to the landowner or
former landowner. Payments are calculated and distributed
proportionately to the value of the land or land use rights
purchased or taken as a percentage of all private land or land
use rights purchased or taken for the construction of extra-high
voltage electric transmission lines.";
And
On page ten, following line one hundred and six, by striking
out all of section (f) and inserting in lieu thereof the
followinig:
"(f) Dedication of taxes collected. -- Effective July 1, 2009:
(1) Twenty percent of the net proceeds of the tax imposed in
subsection (c) of this section is hereby dedicated for the use
and benefit of counties crossed or containing long distance,
extra-high voltage electric transmission lines. The proceeds of
this dedicated tax shall be distributed by the State Treasurer in
the manner specified in this section to the various counties crossed or containing long distance, extra-high voltage electric
transmission lines;
(2) Thirty-five percent of the net proceeds of the tax
imposed in subsection (c) of this section shall be dedicated for
the use and benefit of the West Virginia Infrastructure and Jobs
Development Council. The proceeds of this dedicated tax shall be
deposited in the West Virginia Infrastructure Fund, as
established in section nine, article fifteen-a, chapter thirty-
one of this code, for the purpose of funding infrastructure
projects, as that term is defined in section two, article
fifteen-a, chapter thirty-one of this code;
(3) Thirty-five percent of the net proceeds of the tax
imposed in subsection (c) of this section is hereby dedicated for
the use and benefit of counties and municipalities in this state.
The proceeds of this dedicated tax shall be distributed by the
State Treasurer in the manner specified in subsection (j); and
(4) Ten percent of the net proceeds of the tax imposed in
subsection (c) of this section shall be dedicated for
proportional payments to landowners to be paid annually beginning
in the calendar year in which the tax imposed in subsection (c)
is initially collected until such taxation ceases. The proceeds
of this dedicated tax shall be distributed by the State Treasurer
no later than the last day of the calendar year in which the tax
is collected."
Adopted
Rejected