HB 4253
Relating to authorizing the Tax Department to promulgate a legislative rule relating to the valuation of public utility property for ad valorem property tax purposes.
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill authorizes the West Virginia Tax Department to create a specific rule (110 CSR 01M) that outlines how public utility property will be valued for property tax purposes. The rule addresses ad valorem taxation, ensuring a consistent method for assessing these properties. This legislative rule modification was reviewed and approved by the Legislative Rule-Making Review Committee before being refiled.
Key provisions
- Authorizes the Tax Department to create a rule.
- The rule specifically addresses the valuation of public utility property.
- The rule relates to ad valorem property tax assessments.
- The rule was reviewed and modified by the Legislative Rule-Making Review Committee.
Who is affected
- Public utility companies
- Property owners
- West Virginia Tax Department
- Local governments (collecting property taxes)
Sponsors
Official sponsors from legislative records.
Primary sponsor
D. Smith
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