SB1007 SFAT Prezioso 5-16

Baker 7816

 

Senator Prezioso moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Senate Bill 1007--A Bill to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated 11-13A-3f; to amend and reenact 11-15-2, 11-15-3, 11-15-9, 11-15-9b and 11-15-9h of said code; to amend said code by adding thereto two new sections, designated 11-15-3d and 11-15-3e; to amend and reenact 11-15A-2 and 11-15A-10 of said code; to amend and reenact 11-21-8a and 11-21-8e of said code; to amend said code by adding thereto a new section, designated 11-21-12j; to amend and reenact 11-24-23a of said code, to amend said code by adding thereto a new section, designated 11-24-4c, all relating generally to the Tax Reform Act of 2017; imposing graduated rate severance tax on privilege of producing coal as of specified date and defining certain terms; increasing rate of consumers sales and service tax as of specified date; imposing tax on telecommunication services and ancillary telecommunication services as of specified date; imposing tax on digital code and digital products as of specified date; eliminating certain exemptions from consumers sales and service tax as of specified date; providing consumers sales and service tax exemption for services of professional employer organizations; increasing rate of use tax as of specified date; exempting military retirement income from personal income tax after specified date; exempting social security benefits from personal income tax after a specified date; increasing amount of credit allowed against personal and corporation net income taxes for qualified building rehabilitation expenditures made after specified date; establishing limitations on carryback and carryforward of credit for qualified building rehabilitation expenditures; increasing rate of corporation net income tax as of specified date; and making technical corrections in various sections.

 

 

 

Adopted

Rejected