West Virginia Senate talks tax bill, hemp industry

By DAVID BEARD

The Dominion Post

CHARLESTON, W.Va.  — The state Senate had a relatively light calendar Wednesday morning, passing one bill dealing with tax credits and a resolution promoting the industrial hemp industry.

The bill is SB 477. It requires any new tax credits approved by the Legislature to include a five-year sunset. There are exceptions for credit created under code sections that mandate different sunsets.

The bill passed 34-0 without debate and goes to the House. Sen. Randy Smith, R-Tucker, is lead sponsor.

Sen. Bob Beach, D-Monongalia, is lead sponsor of the industrial hemp resolution, SCR 32.

As Beach explained on the Senate floor, the resolution says West Virginia should take lead in developing a potential interstate compact regarding industrial hemp. This would include shipping hemp and hemp seed across state lines.

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