SENATE CONCURRENT RESOLUTION NO. 59
(By Senators Deem, D. Facemire, Fanning, Green, Guills,
Helmick, Jenkins, Stollings, Sypolt, Williams and Yost)
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[Originating in the Committee on Energy, Industry and Mining]
Requesting the Joint Committee on Government and Finance study
improving and updating West Virginia's severance tax on
natural gas and oil.
Whereas, Currently the producer, or severer, of natural gas or
oil remits the severance tax to the state; and
Whereas, Opportunities for improved efficiency in
administration of the severance tax on natural gas or oil may exist
if severance taxes are remitted by the first purchaser of natural
gas or oil after the gas or oil has been severed, rather than
remitted by the producer; and
Whereas, Neighboring states provide that the severance tax on
natural gas and oil be remitted by the first purchaser; and
Whereas, An increase in the collection of severance taxes may
occur through the elimination of certain severance tax provisions,
including the exemption on low-producing wells and the $500 per
taxpayer tax credit; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby
requested to study improving and updating West Virginia's severance
tax on natural gas and oil; and, be it
Further Resolved, That the Joint Committee on Government and
Finance is hereby requested to study the impact of the elimination
of certain credits and exemptions relating to the severance tax on
natural gas and oil, including the low-producing well exemption and
the $500 per taxpayer credit; and be it
Further Resolved, That the Joint Committee on Government and
Finance report to the regular session of the Legislature, 2010, on
its findings, conclusions and recommendations, together with drafts
of any legislation necessary to effectuate its recommendations;
and, be it
Further Resolved, That the expenses necessary to conduct this
study, to prepare a report and to draft necessary legislation be
paid from legislative appropriations to the Joint Committee on
Government and Finance.
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