110 CSR 24
H. B. 4240


(By Delegates Brown, D. Poling, Fleischauer, Talbott, Overington and Sobonya)


[Introduced January 29, 2010; referred 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 Corporation Net Income Tax.

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 thirty-first day of July, two thousand nine, authorized under the authority of section five, article ten, 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-first day of January, two thousand ten, relating to the State Tax Department (Corporation Net Income Tax, 110 CSR 24), 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 Corporation Net Income Tax.

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