Relating to establishing term limits to certain real property interests and registration requirements associated with carbon offset agreements [HB-4483]
The purpose of this bill is to balance the interests of current landowners and future landowners to ensure forest land may be developed for future economic gain by limiting use restrictions for forest carbon capture and sequestration to a maximum term of 30 years. The bill defines certain terms. The bill requires parties to current and new carbon offset agreements to register with the State Tax Department for tax years beginning on and after January 1, 2022, and retroactive to such date. The bill requires reports by Division of Forestry. The bill
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HB-4483: Relating to establishing term limits to certain real property interests and registration requirements associated with carbon offset agreements
Sponsored by: Rep. William Anderson
On 1st Reading, House Calendar on 03/12/2022
You have voted HB-4483: Relating to establishing term limits to certain real property interests and registration requirements associated with carbon offset agreements.
Granting to the West Virginia Department of Environmental Protection Division of Air Quality the authority to invest the money held in certain funds [HB-4480]
The purpose of this bill is to help stabilize funding sources for the WVDEP DAQ. Air quality in West Virginia has improved drastically over the years and is a reason to celebrate. The financial reality from decreased industrial air emissions however, results in a decrease in DAQ’s revenues. Since the Clean Air Act was amended in 1990, industrial air emissions in WV have decreased approximately 80%. Fees for large industrial sources are based on their emissions rates; therefore, revenues have also been decreasing. Currently, the DAQ funds are not
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HB-4480: Granting to the West Virginia Department of Environmental Protection Division of Air Quality the authority to invest the money held in certain funds
Sponsored by: Rep. William Anderson
With Amendment, Do Pass, But First To Finance on 02/07/2022
You have voted HB-4480: Granting to the West Virginia Department of Environmental Protection Division of Air Quality the authority to invest the money held in certain funds.
To establish requirements for carbon dioxide sequestration [HB-4491]
The purpose of this bill is to establish a new legal and regulatory framework for drilling of injection wells and operation of facilities for the underground sequestration of injected carbon dioxide and for the state to pursue primacy authorization for oversight and enforcement of laws for underground carbon dioxide sequestration.
HB-4491: To establish requirements for carbon dioxide sequestration
Sponsored by: Rep. William Anderson
Chapter 128, Acts, Regular Session, 2022 on 04/19/2022