WV SB432 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 12-0)
Status: Engrossed on February 25 2014 - 50% progression, died in chamber
Action: 2014-03-08 - Tabled on 3rd reading, Daily Calendar
Text: Latest bill text (Comm Sub) [HTML]
Status: Engrossed on February 25 2014 - 50% progression, died in chamber
Action: 2014-03-08 - Tabled on 3rd reading, Daily Calendar
Text: Latest bill text (Comm Sub) [HTML]
Summary
The purpose of this bill is to delay the imposition of penalties until a county’s assessments are below the constitutionally required 60% of market value including the 10% variance for two consecutive years; changing the Tax Commissioner’s deadline for reporting the total assessed values to the state Board of Education from December 1 to March 1; requiring that in any county for which a valid sales ratio analysis cannot be obtained due to a lack of arm’s-length sales of property in the county it be assumed that all property in the county is assessed at 60% for the purpose of determining whether to use the sales ratio analysis for calculating local share; allowing the Tax Commissioner to waive the use of the sales ratio analysis for calculating local share upon a showing by the Assessor that the preliminary sales ratio for the next succeeding year would meet the minimum ratio; and providing that the state use the most recent projections or estimations that may be available from the Tax Department for the purpose of estimations or preliminary computation of local share required prior to the report to the state board by the Tax commissioner.
Title
Relating to calculating local share
Sponsors
Roll Calls
2014-02-25 - Senate - Effective from passage (Roll No. 7) (Y: 33 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-25 - Senate - Passed Senate (Roll No. 7) (Y: 33 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-25 - Senate - Passed Senate (Roll No. 7) (Y: 33 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2014-03-08 | House | Tabled on 3rd reading, Daily Calendar |
2014-03-08 | House | Placed at foot of bills on 3rd reading |
2014-03-08 | House | On 3rd reading, Daily Calendar |
2014-03-07 | House | Committee amendment adopted (Voice vote) |
2014-03-07 | House | Read 2nd time |
2014-03-07 | House | On 2nd reading, Daily Calendar |
2014-03-06 | House | Read 1st time |
2014-03-06 | House | On 1st reading, Daily Calendar |
2014-03-05 | House | With amendment, do pass |
2014-02-26 | House | To House Finance |
2014-02-26 | House | To Finance |
2014-02-26 | House | Introduced in House |
2014-02-25 | Senate | Ordered to House |
2014-02-25 | Senate | Effective from passage (Roll No. 7) |
2014-02-25 | Senate | Passed Senate (Roll No. 7) |
2014-02-25 | Senate | Read 3rd time |
2014-02-25 | Senate | On 3rd reading |
2014-02-24 | Senate | Read 2nd time |
2014-02-24 | Senate | On 2nd reading |
2014-02-21 | Senate | Read 1st time |
2014-02-21 | Senate | Immediate consideration |
2014-02-21 | Senate | Reported do pass |
2014-01-29 | Senate | To Finance |
2014-01-29 | Senate | Committee substitute reported, but first to Finance |
2014-01-27 | Senate | To Education |
2014-01-27 | Senate | Introduced in Senate |
2014-01-27 | Senate | To Education then Finance |
2014-01-27 | Senate | Filed for introduction |
Same As/Similar To
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
11 | 1C | 5b | Amended Code | Citation Text |
18 | 9A | 11 | Amended Code | Citation Text |
18 | 9A | 2 | Amended Code | Citation Text |
18 | 9A | 2a | Amended Code | Citation Text |