CRACKER BILL PASSES Senate Sends Bill Cutting Property Taxes To Governor
Reported by: Kennie Bass
Videographer: John Tincher, Matt Durrett
Web Producer: Kennie Bass
Reported: Jan. 25, 2012 6:06 PM EST
Updated: Jan. 25, 2012 6:12 PM EST
EYEWITNESS ONLINE WEBCAST VIDEO C L I C K T O P L A Y
Charleston
, Kanawha County
, West Virginia
Following the lead of the House of Delegates, state senators suspended constitutional rules requiring three days before a bill can be passed...and unanimously approved a measure offering a 25-year tax break designed to attract a huge new chemical plant.
The bill will slash property taxes for any company investing at least two billion dollars to build a cracker plant. West Virginia is competing with Ohio and Pennsylvania for the facilities, which convert a byproduct from Marcellus shale wells into a widely used chemical compound.
It's estimated the bill would reduce taxes for companies funding a cracker plant by nearly 30 million dollars in the first year.
Governor Earl Ray Tomblin is heading to Houston on Thursday, January 26th, to promote West Virginia as a cracker plant site.
Neighboring facilities in W.Va. differ on abortion May 19, 2013 2:09 PM EDT A crisis-pregnancy center that counsels women not to have abortions has moved next door to a health facility in Charleston that provides abortions.
Dalai Lama begins visit to Louisville May 19, 2013 5:48 PM EDT The Dalai Lama spoke to about 15,000 people at the KFC Yum Center as the spiritual leader of Tibetan Buddhists began his visit to Louisville.
Kennie Bass
