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Introduced Version House Bill 2204 History

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hb2204 intr
H. B. 2204


          (By Delegates Boggs, Ireland and Reynolds)
          [Introduced February 13, 2013; referred to the
Committee on Energy, Industry and Labor, Economic Development and Small Business then Finance.]



A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-21-10b, relating to allowing a credit against state personal income tax for the purchase of new wood or pellet stove; allowing a tax credit for the purchase of wood pellets within West Virginia; and establishing the qualifying performance criteria for those stoves.
Be it enacted by the Legislature of West Virginia:
     That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §11-21-10b, to read as follows:
ARTICLE 21. PERSONAL INCOME TAX.
§11-21-10b. Credit for wood and pellet stoves.
__(a) A one-time $300 credit against the tax imposed by the provisions of this article shall be allowed for a new wood or pellet stove if the equipment:
__(1) Is purchased on or after July 1, 2012;
__(2) Produces less than two hundred thousand fifty British thermal units (BTU) per hour heat input;
__(3) Is installed in a residential dwelling within this state; and
__(4) Is listed in the United States Environmental Protection Agency (EPA)
List of EPA certified wood stoves or has a certificate of performance from a currently EPA certified wood stove testing laboratory. All must show:
__(A) A noncatalytic wood stove with emissions of 4.5 grams of smoke per hour or less; or
__(B) A catalytic wood or pellet stove with emissions of 2.5 grams of smoke per hour or less.
__
(b) An additional one-time $300 credit against the tax imposed by this article shall also be allowed for the purchase of wood pellets within the State of West Virginia.


                                            
  NOTE: This bill shall allow a credit against state personal income tax for the purchase of a new wood or pellet stove used in a home within the state. The bill also creates a credit for the purchase of wood pellets purchased in the state.

  
  This section is new; therefore, it has been completely underscored.
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