Senate Bill No. 427

(By Senators Jenkins and Foster)

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[Introduced February 4, 2011; referred to the Committee on the Judiciary; and then to the Committee on Finance.]

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A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-21-10b, relating to personal income tax; and providing a credit against that tax for fees paid for recycling.

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:

PART I. GENERAL.

ARTICLE 21. PERSONAL INCOME TAX.

§11-21-10b. Credit for recycling fees.

    A credit against the tax imposed by the provisions of this article shall be allowed for fees paid for recycling services under the provisions of section eleven, article fifteen, section nineteen, article fifteen-a and section four, article sixteen, all of chapter twenty-two of this code. The credit may not exceed $600. The Tax Commissioner shall propose a legislative rule for legislative approval as provided in article three, chapter twenty-nine-a of this code to implement this section.

    NOTE: The purpose of this bill is to provide a credit against tax for fees paid for recycling, not to exceed $600.

    This section is new; therefore, strike-throughs and underscoring have been omitted.