Bill Text: WV SB175 | 2011 | Regular Session | Introduced

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Bill Title: Authorizing State Tax Department promulgate legislative rule relating to commercial patent incentives tax credit

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced - Dead) 2011-02-08 - To Judiciary [SB175 Detail]

Download: West_Virginia-2011-SB175-Introduced.html

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110 CSR 13Q

Senate Bill No. 175
(By Senators Minard, Snyder, Prezioso,
Unger, Boley and K. Facemyer)
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[Introduced January 18, 2011; referred to the
Committee on Finance;
and then to the Committee on the Judiciary.]
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A BILL to amend and reenact article 7, chapter 64 of the Code of West Virginia, 1931, as amended, relating to authorizing the State Tax Department to promulgate a legislative rule relating to the commercial patent incentives tax credit.

Be it enacted by the Legislature of West Virginia:
That article 7, chapter 64 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:

ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO PROMULGATE LEGISLATIVE RULES.

§64-7-1. State Tax Department.
The legislative rule filed in the state register on the twenty-eighth day of July, two thousand ten, authorized under the authority of section ten, article thirteen-aa, chapter eleven, of this code, modified by the State Tax Department to meet the objections of the Legislative Rule-Making Review Committee and refiled in the state register on the fifth day of November, two thousand ten, relating to the State Tax Department (commercial patent incentives tax credit, 110 CSR 13Q), is authorized.

NOTE: The purpose of this bill is to authorize the State Tax Department to promulgate a legislative rule relating to combined returns pursuant to the Commercial Patent Incentives Tax Credit.

This section is new; therefore, strike-throughs and underscoring have been omitted.