West Virginia Executive Spring 2018 | Page 36

[ politics ] Progress Report SAMANTHA CART 2018 Legislative Session The West Virginia Legislature convened on January 10, 2018, to begin what would become a closely-watched and at times divisive session characterized by the first teacher strike since 1990. All eyes were on the Mountain State’s 34 senators and 100 delegates as they waded through a packed docket of potential legislation. Despite the attention received due to the strike, a variety of the state’s most pressing issues were addressed and met with promising legislation. In addition, for the first time in 36 years the Legislature passed a balanced budget bill before the end of the regular 60-day session, avoiding one of the costly extended sessions West Virginians have come to expect. Over the course of the 2018 session, many important bills that could potentially help West Virginians seeking employment, addiction recovery and treatment services and new business opportunities were discussed, amended and voted on. In our 2018 progress report, we take a look at 10 bills proposed to help West Virginia workers, entrepreneurs, families and business owners. These bills address ways to keep young entrepreneurs in the state, limit the amount of prescription pills prescribed, decrease redundant regulations from state and local agencies on the coal industry, reduce the number of West Virginians on welfare, move important oil and gas drilling projects forward and improve health care and raise wages for all state employees. While not all 10 bills made it to Governor Jim Justice’s desk for signing, they all address vital topics important to helping move the Mountain State forward. SB 365 YOUNG ENTREPRENEUR REINVESTMENT ACT By Natalie Roper SENATE: 32-0  HOUSE: 94-5 The Young Entrepreneur Reinvestment Act was passed in 2016 with the purpose of waiving filing fees for anyone under the age of 30 establishing a business in West Virginia, includ- ing limited liability companies and for-profit and nonprofit corporations. The 2016 act had a sunset provision expiring the filing fee waivers in June 2018 without renewal legislation. During the 2018 legislative session, Senate Bill (SB) 365 was introduced to renew the act and remove the sunset provision so the program will not expire in the future. Since the legislation was passed in 2016, 106 young entre- preneurs from 30 counties across the Mountain State have taken advantage of the fee waiver and started new businesses in the state thanks to the investment and incentive this pro- gram offers. The Young Entrepreneur Reinvestment Act is an important way for West Virginia to support the growth and development of the next generation of business owners. It is well-known that West Virginia loses too many young people to opportunities in other places, and attracting this entrepre- neurial generation is key to the state’s future. This bill is one way to support young entrepreneurs who want to start and 34 WEST VIRGINIA EXECUTIVE grow their businesses in West Virginia. While the $100 filing fee doesn’t sound like much, to young entrepreneurs starting out, every penny counts, and that is money that can be de- voted to other things needed to get a business off the ground. Thanks to the proven success of the Young Entrepreneur Reinvestment Act in its first two years, SB 365 received bipartisan support throughout the 2018 session. The bill was sponsored by Senators Ryan Weld, Ryan Ferns, John Unger, Robert Plyma