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2015 SESSION

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HB 1705 Gas severance tax; no tax shall be imposed on or after January 1, 2018.

Introduced by: James W. Morefield | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Gas severance tax. Extends the sunset date from December 31, 2015, to January 1, 2018, for the local gas severance tax that is dedicated to (i) the local Coal and Gas Road Improvement Fund, (ii) the Virginia Coalfield Economic Development Fund, and (iii) water, sewer, and natural gas systems and lines. This bill incorporates HB 2282 and is identical to SB 1308.

SUMMARY AS INTRODUCED:

Gas severance tax. Extends the sunset date from December 31, 2015, to January 1, 2018, for the local gas severance tax that is dedicated to (i) the local Coal and Gas Road Improvement Fund, (ii) the Virginia Coalfield Economic Development Fund, and (iii) water, sewer, and natural gas systems and lines.