H. B. 2015
(By Delegate Perdue)
[Introduced February 13, 2013; referred to the
Committee on Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §11-6K-6a, relating
to establishing that barren coal properties have no value for
the purpose of ad valorem property taxation.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §11-6K-6a, to read as
ARTICLE 6K. ASSESSMENT OF INDUSTRIAL PROPERTY AND NATURAL
§11-6K-6a. Valuation of barren coal properties.
_____The Legislature hereby finds that barren coal properties are
of no monetary value. For purposes of this section, the term
"barren" has the same meaning as the term is defined by the state tax division's legislative rule in effect on the effective date of
the enactment of this section during the regular session of 2013.
Accordingly, beginning July 1, 2014, and thereafter, the value of
barren coal properties for the purpose of ad valorem property
taxation under this chapter and under article X of the Constitution
of this state, is zero.
NOTE: The purpose of this bill is to eliminate the ad valorem
tax for barren coal properties.
§11-6K-6a is new; therefore, it has been completely