Senate Bill No. 482

(By Senator Dalton)

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[Introduced February 21, 1994;

referred to the Committee on Finance.]

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A BILL to amend article eight, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, by adding thereto a new section, designated section six-h, relating to requiring all levying bodies to reduce the rate of levies on Class I and Class II property by thirty-three and one-third percent.

Be it enacted by the Legislature of West Virginia:
That article eight, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended by adding thereto a new section, designated section six- h, to read as follows:
ARTICLE 8. LEVIES.

§11-8-6h. Reduction of rates of Class I and Class II property by all levying bodies.

Notwithstanding any other section of this chapter to the contrary, beginning the first day of July one thousand nine hundred ninety-four, all levying bodies shall reduce the rates of levies for Class I and Class II property by thirty-three andone-third percent.



NOTE: The purpose of this bill is to reduce the rate of levies on Class I and Class II property by thirty-three and one-third percent.

Section six-h, article eight, chapter eleven is new; therefore, strike-throughs and underscoring have been omitted.