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Introduced Version House Bill 2718 History

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hb2718 intr EDA 117csr5
H. B. 2718

(By Delegates Mahan, Palumbo,

Cann, Pino, Armstead and Overington)

[Introduced February 28, 2005; referred to the

Committee on Industry and Labor, Economic Development

and Small Business then the Judiciary.]



A BILL to amend §64-9 of the code of West Virginia, one thousand nine hundred thirty-one, as amended, by adding thereto a new section, designated §1, relating to authorizing the Economic Development Authority to promulgate a legislative rule relating to the high-growth business investment tax credit.

Be it enacted by the Legislature of West Virginia:
That §64-9 of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended by adding thereto a new section, designated §1, to read as follows:
ARTICLE 9. AUTHORIZATION FOR MISCELLANEOUS AGENCIES AND BOARDS TO PROMULGATE

LEGISLATIVE RULES.
§64-9-1. Economic Development Authority.
The legislative rule filed in the state register on the twenty-fourth day of August, two thousand four, under the authority of section nine, article thirteen-u, chapter eleven, of this code, modified by the Economic Development Authority to meet the objections of the legislative rule-making review committee and refiled in the state register on the first day of February, two thousand five, relating to the Economic Development Authority (high-growth business investment tax credit, 117 CSR 5), is authorized.

NOTE: The purpose of this bill is to authorize the Economic Development Authority to promulgate a legislative rule relating to the High-Growth Business Investment Tax Credit.

This section is new; therefore, strike-throughs and underscoring have been omitted.
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