Bill Text: WV SB619 | 2024 | Regular Session | Introduced

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Bill Title: Modifying levy rates resulting from increased valuation yield

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-02-02 - To Finance [SB619 Detail]

Download: West_Virginia-2024-SB619-Introduced.html

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wEST virginia legislature

2024 regular session

Introduced

Senate Bill 619

By Senator Woodrum

[Introduced February 2, 2024; referred
to the Committee on Finance]

A BILL to repeal §11-8-6E, §11-8-6F, and §11-8-6G of the Code of West Virginia, 1931, as amended, relating to required modification of levy rates resulting from increased valuation yield.

Be it enacted by the Legislature of West Virginia:

ARTICLE 8.  LEVIES.

§1. Repeal of sections relating to required modification of levy rates resulting from increased valuation yield.

That §11-8-6E, §11-8-6F, and §11-8-6G of the Code of West Virginia, 1931, as amended, are repealed.

 

NOTE: The purpose of this bill is to repeal archaic provisions of the "Fair and Equitable Property Valuation" statutes adopted in 1990.