110 CSR 1L
H. B. 2176
(By Delegates Brown, D. Poling, Talbott, Miley,
Overington and Sobonya)
[Introduced February 12, 2009; referred to the
Committee on Finance then 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 repeal of valuation of intangible personal property
including stock accounts receivable and stock in banks and
capital of savings and loan associations.
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
twenty-ninth day of August, two thousand eight, authorized under
the authority of section five, article ten, chapter eleven, of this
code, relating to the State Tax Department (repeal of valuation of intangible personal property including stock accounts receivable
and stock in banks and capital of savings and loan associations,
110 CSR 1L), is authorized.
NOTE: The purpose of this bill is to authorize the State Tax
Department to promulgate a legislative rule relating to the Repeal
of Valuation of Intangible Personal Property Including Stock
Accounts Receivable and Stock in Banks and Capital of Savings and
Loan Associations.
This section is new; therefore, strike-throughs and
underscoring have been omitted.