Bill Text: WV HB4162 | 2022 | Regular Session | Introduced
Bill Title: Authorizing the Tax Department to promulgate a legislative rule relating to Valuation of Producing and Reserve Oil, Natural Gas Liquids, and Natural Gas for Ad Valorem Property Tax Purposes
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-02-08 - To House Government Organization [HB4162 Detail]
Download: West_Virginia-2022-HB4162-Introduced.html
WEST VIRGINIA LEGISLATURE
2022 REGULAR SESSION
Introduced
House Bill 4162
By Delegate Foster
[Introduced January 18, 2022; Referred to the Committee on Finance then Government Organization]
A BILL to amend and reenact §64-7-1 of the Code of West Virginia, 1931, as amended, relating to authorizing the Tax Department to promulgate a legislative rule relating to Valuation of Producing and Reserve Oil, Natural Gas Liquids, and Natural Gas for Ad Valorem Property Tax Purposes.
Be it enacted by the Legislature of West Virginia:
ARTICLE 7. Authorization for Department of Revenue to promulgate legislative rules.
§64-7-1. Tax Department.
The legislative rule filed in the State Register on July 30, 2021, authorized under the authority of §11-1C-10 of this code, relating to the Tax Department (Valuation of Producing and Reserve Oil, Natural Gas Liquids, and Natural Gas for Ad Valorem Property Tax Purposes, 110 CSR 01J), is not authorized.
NOTE: The purpose of this bill is to authorize the Tax Department to promulgate a legislative rule relating to Valuation of Producing and Reserve Oil, Natural Gas Liquids, and Natural Gas for Ad Valorem Property Tax Purposes.
This section is new; therefore, strike-throughs and underscoring have been omitted.