Bill Amendment: WV HB4971 | 2024 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Relating to Critical Materials Manufacturing Tax

Status: 2024-04-22 - Chapter 259, Acts, Regular Session, 2024 [HB4971 Detail]

Download: West_Virginia-2024-HB4971-hb4971_s_fin_amt_1_3-4_adopted.html

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HB4971 S FIN AMT #1 3-4

Childs  7949

 

The Committee on Finance moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for House Bill 4971—A Bill to amend the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated §11-6M-1, §11-6M-2, and §11-6M-3 all relating to limiting property tax on silicon and silicon carbide manufacturing property; providing for property tax treatment of silicon and silicon carbide manufacturing property as its salvage value; providing for rule making authority and administration by the Tax Commissioner; providing an effective date for assessments on or after July 1, 2025; and providing a sunset date.

 

 

 

 

 

Adopted

Rejected