SENATE
HOUSE
JOINT
BILL STATUS
STATE LAW
REPORTS
EDUCATIONAL
CONTACT
home
home
Introduced Version Senate Bill 498 History

   |  Email
Key: Green = existing Code. Red = new code to be enacted
Senate Bill No. 498

(By Senators Tomblin, Mr. President and Helmick, Fanning, Bowman, Chafin, White, Green, Prezioso, Sprouse, Yoder, Wells, Boley, McKenzie, Kessler, Love, Jenkins, Plymale, Facemyer, Hunter, Minard, Edgell, Oliverio, Sharpe, Sypolt, Bailey, Barnes, Unger, Hall, Stollings, Deem, Guills, Caruth, McCabe and Foster)

____________

[Introduced January 30, 2008; referred to the Committee on Economic Development; and then to the Committee on Finance.]

____________


A BILL to amend and reenact §11-13J-12 of the Code of West Virginia, 1931, as amended, relating to extending the Neighborhood Investment Program Act; and eligibility for tax credits under the act.

Be it enacted by the Legislature of West Virginia:
That §11-13J-12 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 13J. NEIGHBORHOOD INVESTMENT PROGRAM.
§11-13J-12. Program evaluation; expiration of credit; preservation of entitlement.

Beginning on the fifteenth day of December, two thousand five, and every second year thereafter, the director shall secure an independent review of the neighborhood investment program created by this article and present the findings to the Joint Committee on Government and Finance. Unless sooner terminated by law, the Neighborhood Investment Program Act shall terminate terminates on the first day of July, two thousand eight eleven. There is no entitlement to the tax credit under this article shall result from any for a contribution made to any a certified project after the first day of July, two thousand eight eleven, and no credit shall be is available to any taxpayer for any contribution made after that date. Taxpayers which have gained entitlement to the credit pursuant to eligible contributions made to certified projects prior to the first day of July, two thousand eight eleven, shall retain that entitlement and apply the credit in due course pursuant to the requirements and limitations of this article.



NOTE: The purpose of this bill is to extend Neighborhood Investment Program Act, and eligibility for tax credits under the act, until July 1, 2011.

Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.
This Web site is maintained by the West Virginia Legislature's Office of Reference & Information.  |  Terms of Use  |   Email WebmasterWebmaster   |   © 2024 West Virginia Legislature **


X

Print On Demand

Name:
Email:
Phone:

Print