HB2708 HFIN AM 3-18                                        McO

    The Committee on Finance moves to amend the bill on page two, section one, line five, following the word “authorized”, by striking out the period and inserting a comma and the following:

“with the amendment set forth below:

    On page one, subsection 1.1, beginning on line ten, by striking out subsection 1.1 in its entirety and inserting in lieu thereof the following:

    “1.1 Scope. – These regulations clarify and implement State law as it relates to the appraisal at market value of commercial and industrial real and personal property under W. Va. Code §11-10C-10. Because these regulations provide context modifications of relevant parts of 110 C.S.R. 1 and such regulations with context modifications were adopted by the Tax Commissioner through inclusion in the valuation plan required by W. Va. Code §11-1C-10(e), W. Va. Code §11-1C-5(b) eliminated the requirement that this filing be subject to the proceeding requirements of W. Va. Code §29A-3-1 et seq.”;

    And,

    On page two, subsection 2.14, line twenty-four, following the words “remaining in”, by striking out the words “the landlord” and inserting in lieu thereof the word “one”.