Senate Bill No. 167

(By Senator Snyder)

____________

[Introduced January 8, 2014; referred to the Committee on Finance; and then to the Committee on 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 special reclamation tax credit.

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 July 26, 2013, authorized under the authority of section eleven, article three, chapter twenty-two 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 November 26, 2013, relating to the State Tax Department (special reclamation tax credit, 110 CSR 29), is authorized.

    NOTE: The purpose of this bill is to authorize the State Tax Department to promulgate a legislative rule relating to the special reclamation tax credit.

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