Senate Bill No. 446
(By Senators Ross, Helmick, Anderson, Dittmar, Sharpe,Craigo, Deem, Buckalew, Boley, Manchin, Chafin, Jackson, Schoonover, Love, Plymale, Dugan, Scott, Minear, Kimble, Yoder and Bowman)
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[Introduced February 19, 1996; referred to the Committee on the Judiciary.]
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A BILL to amend article one-c, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, by adding thereto a new section, designated section five-a, relating to providing that rules promulgated by the tax commissioner relating to the valuation of real or personal property shall be subject to review by the legislative rule-making review committee and may not be promulgated as emergency rules.

Be it enacted by the Legislature of West Virginia:
That article one-c, 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 five-a, to read as follows:

ARTICLE 1C. FAIR AND EQUITABLE PROPERTY VALUATION.

§11-1C-5a. Rules.
After the first day of January, one thousand nine hundred ninety-six, all rules proposed or promulgated by the tax commissioner regarding the valuation of real or personal property within the state shall be subject to review by the legislative rule-making review committee as provided in section eleven, article three, chapter twenty-nine-a, and no such rules relating to the valuation of real or personal property within the state shall be promulgated as emergency legislative rules pursuant to section fifteen, article three, chapter twenty-nine-a.

NOTE: The purpose of this bill is to promote stability in the valuation of all real and personal property in the state for ad valorem property taxation purposes by insuring that legislative rules proposed by the tax commissioner regarding the valuation of real and personal property in the state shall be subject to review by the legislative rule-making review committee before becoming effective.

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