WV HB2493 | 2021 | Regular Session
Note: Carry Foward to future HB2493
Status
Spectrum: Partisan Bill (Republican 10-0)
Status: Engrossed on March 30 2021 - 50% progression, died in committee
Action: 2021-03-31 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Engrossed on March 30 2021 - 50% progression, died in committee
Action: 2021-03-31 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is, for assessments made on or after July 1, 2022, to provide that the arithmetic means for annual production and average coal price to value coal properties shall be based upon the full calendar year immediately preceding the July 1st assessment date; to provide that the Tax Commissioner shall utilize an average coal density of 1800 tons per acre foot, unless clear and convincing evidence is submitted by a tax payer establishing a lower density value; to provide that density information reported on returns, due on or before May 1 of each year, shall be used to determine values for the immediately following July 1 assessments; to provide that the Tax Commissioner shall take into consideration economic viability and engineering considerations when establishing values for coal properties; to provide that coal beds which are of a thickness of less than thirty-five inches shall not be classified as mineable coal for valuation for property tax purposes unless there is clear and convincing evidence to the contrary; to provide that no permitted coal seam may be classified for taxation as active until actual depletion of coal commences under a permit; to provide that for any owner, operator, or producer which fails to make a return within the time required, any and all penalties imposed shall be equally and uniformly applied across all forms of industrial property and natural resources property; and to specify an effective date.
Title
Providing valuation limitations for coal property taxation and clarifying the penalties for non-filers
Sponsors
Roll Calls
2021-03-30 - House - Passed House (Roll No. 324) (Y: 64 N: 34 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-03-31 | Senate | To Finance |
2021-03-31 | Senate | To Finance |
2021-03-31 | Senate | Introduced in Senate |
2021-03-30 | House | Communicated to Senate |
2021-03-30 | House | Passed House (Roll No. 324) |
2021-03-30 | House | Read 3rd time |
2021-03-30 | House | On 3rd reading, Special Calendar |
2021-03-30 | House | Placed on Special Calender |
2021-03-30 | House | On 3rd reading, House Calendar |
2021-03-25 | House | Placed on House Calendar |
2021-03-25 | House | On 3rd reading, Special Calendar |
2021-03-24 | House | Do pass |
2021-03-16 | House | Recommitted to Finance on 3rd reading |
2021-03-16 | House | Read 3rd time |
2021-03-16 | House | On 3rd reading, Special Calendar |
2021-03-15 | House | Read 2nd time |
2021-03-15 | House | On 2nd reading, Special Calendar |
2021-03-12 | House | Read 1st time |
2021-03-12 | House | On 1st reading, Special Calendar |
2021-03-11 | House | Do pass |
2021-02-24 | House | To House Finance |
2021-02-24 | House | Do pass, but first to Finance |
2021-02-15 | House | To House Energy and Manufacturing |
2021-02-15 | House | Introduced in House |
2021-02-15 | House | To Energy and Manufacturing then Finance |
2021-02-15 | House | Filed for introduction |
Same As/Similar To
HB2493 (Carry Over) 2021-03-31 - To Finance
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
11 | 6K | 1 | Amended Code | Citation Text |
11 | 6K | 3 | Amended Code | Citation Text |