110 CSR 13Q
Senate Bill No. 325
(By Senator Minard)
[Introduced January 18, 2012; referred to the Committee on Finance; and then to the Committee on the Judiciary.]
A BILL to amend and reenact article 7, chapter 64 of the Code of West Virginia, 1931, as amended, relating to authorizing the State Tax Department to promulgate a legislative rule relating to the commercial patent incentives tax credit.
Be it enacted by the Legislature of West Virginia:
That article 7, chapter 64 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO PROMULGATE LEGISLATIVE RULES.
§64-7-1. State Tax Department.
The legislative rule filed in the State Register on the eighteenth day of July, two thousand eleven, authorized under the authority of section ten, article thirteen-aa, chapter eleven, of this code, modified by the State Tax Department to meet the objections of the Legislative Rule-Making Review Committee and refiled in the State Register on the twenty-second day of November, two thousand eleven, relating to the State Tax Department (commercial patent incentives tax credit, 110 CSR 13Q), is authorized.
NOTE: The purpose of this bill is to authorize the State Tax Department to promulgate a legislative rule relating to combined returns pursuant to the Commercial Patent Incentives Tax Credit.
This section is new; therefore, strike-throughs and underscoring have been omitted.