Thursday, February 2, 2023

House Passes Tax Reduction Plan

Today in the House, House Bill 2526 passed and now heads back to the Senate.

House Bill 2526 gradually reduces income tax rates by 50 percent over three consecutive years. The reduced rates would be retroactively applied to 2023 and additional reductions would take place in 2024 and 2025.

An amendment was offered but rejected.

Senate Bills 161 and 162 were read a second time and advanced with the right to amend.

Senate Bill 161 authorizes the director of DNR with the written approval of the Secretary of Commerce to sell, lease, or otherwise dispose of property under the director’s control

Senate Bill 162 authorizes the director of DNR to lease state-owned pore space underlying state forests, natural and scenic areas, management areas, and other lands for carbon sequestration. The bill prohibits the leasing of pore space under state parks. It establishes a competitive bidding process.

On first reading today, House Bill 2412 would designate November 14 as an official day of remembrance for the 75 souls lost in the 1970 Marshall University Plane Crash.

The House is adjourned until 11 a.m. tomorrow, January 19, 2023.

Committee Meetings, Today
The Committee on Finance at 1 p.m. in Room 460 for a budget hearing.
The Committee on Judiciary will meet at 1 p.m. in Room 410.
The Committee on Education will meet at 2 p.m. in Room 434.
The Committee on Government Organization will meet at 3 p.m. in Room 215E.

Committee Meetings, Tomorrow Jan. 19
The Committee on Workforce Development will meet at 9 a.m. in Room 215E
The Committee on Jails and Prisons will meet at 9 a.m. in Room 410.
The Committee on Seniors, Children, and Family Issues will meet at 10 a.m. in Room 460.
The Committee on Energy and Manufacturing will meet at 1 p.m. in Room 215E.
The Committee on Technology and Infrastructure will meet at 1 p.m. in Room 4340
The Committee on Health and Human Resources will meet at 3 p.m. in Room 215E.

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