HB 2586
Requiring ten percent of all state revenues derived from sales tax, excise tax, severance tax, or generated by any other means be placed in General Revenue and returned to the County Division of Highways
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to dedicate 10% of West Virginia’s state revenue, which comes from sources like sales tax, excise tax, and severance tax, to the County Division of Highways. These funds would be placed in General Revenue and then redistributed to the counties where the taxes were initially collected. The goal is to provide additional resources for highway maintenance and improvements, particularly in counties impacted by tourism and mineral extraction. The bill also allocates a portion of these funds for replacing aging equipment and supplementing employee wages.
Key provisions
- Designates 10% of state revenue from specific taxes to General Revenue.
- Directs these funds to county offices of the Division of Highways.
- Funds are intended to benefit counties with high highway usage.
- Funds will supplement existing highway funding.
- Allocates 2% of the funds for replacing aging equipment.
- Allocates funds to supplement employee wages.
Who is affected
- West Virginia Counties
- County Division of Highways
- Taxpayers (through increased tax revenue)
- State Government
- Tourism Industry
Notable changes
- Establishes a new funding stream for county highway maintenance.
- Increases funding for the Division of Highways beyond current allocations.
- Provides additional resources for equipment replacement.
Fiscal impact
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