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]

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.

Tracking Information

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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]

History

DateChamberAction
2014-03-08HouseTabled on 3rd reading, Daily Calendar
2014-03-08HousePlaced at foot of bills on 3rd reading
2014-03-08HouseOn 3rd reading, Daily Calendar
2014-03-07HouseCommittee amendment adopted (Voice vote)
2014-03-07HouseRead 2nd time
2014-03-07HouseOn 2nd reading, Daily Calendar
2014-03-06HouseRead 1st time
2014-03-06HouseOn 1st reading, Daily Calendar
2014-03-05HouseWith amendment, do pass
2014-02-26HouseTo House Finance
2014-02-26HouseTo Finance
2014-02-26HouseIntroduced in House
2014-02-25SenateOrdered to House
2014-02-25SenateEffective from passage (Roll No. 7)
2014-02-25SenatePassed Senate (Roll No. 7)
2014-02-25SenateRead 3rd time
2014-02-25SenateOn 3rd reading
2014-02-24SenateRead 2nd time
2014-02-24SenateOn 2nd reading
2014-02-21SenateRead 1st time
2014-02-21SenateImmediate consideration
2014-02-21SenateReported do pass
2014-01-29SenateTo Finance
2014-01-29SenateCommittee substitute reported, but first to Finance
2014-01-27SenateTo Education
2014-01-27SenateIntroduced in Senate
2014-01-27SenateTo Education then Finance
2014-01-27SenateFiled for introduction

Same As/Similar To

HB4002 (Similar To) 2014-03-08 - Communicated to Senate
SB93 (Similar To) 2014-01-08 - To Education

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
111C5bAmended CodeCitation Text
189A11Amended CodeCitation Text
189A2Amended CodeCitation Text
189A2aAmended CodeCitation Text

West Virginia State Sources


Bill Comments

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