Adopted by House 6-2-2009
HB101 HFIN AMT 6-1JHJ
H. B. 101 -- "A BILL to
amend the Code of West Virginia, 1931,
as amended, by adding thereto a new article, designated §11-6J-1,
§11-6J-2, §11-6J-3, §11-6J-4, §11-6J-5, §11-6J-6 and §11-6J-7; and
to amend and reenact §11-15-8d and §11-15-9h of said code, all
relating to establishing the High-Technology Business Property
Valuation Act; defining terms;
providing mandated salvage valuation
of certain high-technology and internet advertising businesses'
property; specifying method for valuation of certain property;
providing for initial determination by county assessors of whether
certain property is used in a high-technology business or an
internet advertising business; specifying procedure for protest and
appeal of determination by county assessor; requiring the West
Virginia Development Office to report to the Joint Committee on
Government and Finance on the economic impact of such valuation
beginning in 2013; providing exceptions to limitations on right to
assert exemptions; exempting certain items from consumer sales and
service tax; specifying effective dates; and requiring reports to
the Legislature.
"