HB2890 H B&I AMT 2-16

    The Committee on Energy, Industry and Labor and Economic Development and Small Business moves to amend the bill on page 1, line 9, by striking the title of the bill and inserting in lieu thereof the following:

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated §11-13BB-1, §11-13BB-2, §11-13BB-3, §11-13BB-4, §11-13BB-5, §11-13BB-6, §11-13BB-7, §11-13BB-8, §11-13BB-9, §11-13BB-10, §11-13BB-11, §11-13BB-12, §11-13BB-13 and §11-13BB-14, all relating to forfeiture of tax credit; the prohibition of carryback; the use of credit recapture; the establishment of a statute of limitations; imposition of penalties; authorizing a tax credit against business franchise tax, corporate net income tax or personal income tax for eligible expenditures incurred in placing in service a residential or nonresidential energy-efficient building; defining terms; establishing the amount of tax credit permitted; providing that the tax credit is transferrable; authorizing rule making; and requiring reports to be made.

Adopted

Rejected