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Bill > SB300
WV SB300
WV SB300Tax Department rule relating to valuation of public utility property for ad valorem property tax purposes
summary
Introduced
01/15/2026
01/15/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to authorize the Tax Department to promulgate a legislative rule relating to the valuation of public utility property for ad valorem property tax.
AI Summary
This bill authorizes the Tax Department to create and implement a legislative rule, specifically designated as 110 CSR 01M, concerning how public utility property is valued for ad valorem property tax purposes. Ad valorem property tax is a tax based on the assessed value of property, and this rule will establish the official method for determining the value of property owned by public utilities, such as power companies or water suppliers, for tax calculation. The rule has undergone a review process, with modifications made to address objections from the Legislative Rule-Making Review Committee before being refiled for authorization.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
To Finance (on 01/15/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=300&year=2026&sessiontype=RS&btype=bill |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb300%20intr.htm&yr=2026&sesstype=RS&i=300 |
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