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