EDA 117csr5
H. B. 2718
(By Delegates Mahan, Palumbo,
Cann, Pino, Armstead and Overington)
[Introduced February 28, 2005; referred to the
Committee on Industry and Labor, Economic Development
and Small Business then the Judiciary.]
A BILL to amend §64-9 of the code of West Virginia, one thousand
nine hundred thirty-one, as amended, by adding thereto a new
section, designated §1, relating to authorizing the Economic
Development Authority to promulgate a legislative rule
relating to the high-growth business investment tax credit.
Be it enacted by the Legislature of West Virginia:
That §64-9 of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, be amended by adding thereto a new
section, designated §1, to read as follows:
ARTICLE 9. AUTHORIZATION FOR MISCELLANEOUS AGENCIES AND BOARDS TO
PROMULGATE
LEGISLATIVE RULES.
§64-9-1. Economic Development Authority.
The legislative rule filed in the state register on the
twenty-fourth day of August, two thousand four, under the authority
of section nine, article thirteen-u, chapter eleven, of this code,
modified by the Economic Development Authority to meet the
objections of the legislative rule-making review committee and refiled in the state register on the first day of February, two
thousand five, relating to the Economic Development Authority
(high-growth business investment tax credit, 117 CSR 5), is
authorized.
NOTE: The purpose of this bill is to authorize the Economic
Development Authority to promulgate a legislative rule relating to
the High-Growth Business Investment Tax Credit.
This section is new; therefore, strike-throughs and
underscoring have been omitted.