§11-13CC-1. Short Title

This article may be cited as the "Energy Intensive Industrial Consumers Revitalization Tax Credit Act."

§11-13CC-2. Legislative Findings and Purpose

The Legislature finds that: (a) West Virginia enjoys a competitive economic advantage among the states attributable to relatively low-cost electric power due in considerable measure to an abundance of coal resources, production from which powers electric generation in the state. (b) As a consequence, a number of energy intensive industrial consumers of electric power have […]

§11-13CC-3. Amounts of Credits; Limitations

(a) Every taxpayer which is a supplier of coal to a West Virginia electric utility providing a special rate to one or more eligible energy intensive industrial consumers of electric power pursuant to subsection (g), section one-j, article two, chapter twenty-four of this code and which is subject to paying the tax on the privilege […]

§11-13CC-3a. Applicability to Minimum Severance Tax Credit

Every taxpayer which applies the tax credit allowed under section three of this article for a tax year shall also be entitled to apply the tax credit against the minimum coal severance tax imposed by article twelve-b of this chapter for the same tax year in an amount up to the amount of the tax […]

§11-13CC-4. Required Payments to Public Utilities

(a) Each person claiming any tax credit pursuant to section three of this article shall, as a condition of receiving that tax credit, make payment equal to ninety-seven percent of the amount of that credit to the public utility providing electric power to the special rate customer whose special rate required the funding generated by […]

§11-13CC-5. Expiration

The provisions of this article shall be effective for tax years beginning on or after January 1, 2012. No new tax credits may be created for any tax year beginning on or after December 31, 2021. All unused tax credits expire and cease to be useable in tax years beginning on or after December 31, […]