SB540 HFIN AMT 4-7JHJ
Com. Sub. for S. B. 540 -- "A BILL to
amend and reenact §11-
6I-3 and §11-6I-5 of the Code of West Virginia, 1931, as amended;
to amend and reenact §11-10-5e of said code; to amend said code by
adding thereto a new section, designated §11-10-25; to amend and
reenact §11-13Q-22 of said code; to amend and reenact §11-15-3c of
said code; to amend said code by adding thereto a new section,
designated §11-15-9m; to amend and reenact §11-21-21, §11-21-22 and
§11-21-23 of said code; to amend and reenact §11-24-3a and §11-24-
4b of said code; to amend and reenact §18-9A-2a of said code; and
to amend and reenact §21A-6-1c of said code, all relating to
taxation; specifying authority of the Tax Commissioner to designate
Tax Division documents that may be sent by personal service, United
States postal service, regular mail, certified mail or registered
mail or other means; specifying statutory burden of proof and
presumption against tax exemptions; specifying inflation adjustment
for certain economic opportunity tax credit entitlement
requirements; specifying exclusion of sales and use of certain
motor vehicles and certain trailers and classes of vehicle and
vehicular apparatus from state consumers sales and use tax on
certain vehicles; specifying exclusion of sales and use of certain
motor vehicles and certain trailers and classes of vehicle and
vehicular apparatus from municipal and local consumers sales and
service tax and use tax, or special downtown redevelopment district excise tax, or special district excise tax and other sales taxes;
authorizing discretionary designation of per se exemptions from the
consumers sales and service tax and use tax by the Tax
Commissioner; specifying exclusion of federal alternative minimum
income taxpayers from eligibility for property tax payment
deferment and assessor's denial of deferment; disqualifying persons
who pay the federal alternative minimum income tax in specified
years from qualification for the senior citizens' tax credit;
disqualifying persons who pay the federal alternative minimum
income tax in specified years from qualification for the low-income
family tax credit; disqualifying persons who pay the federal
alternative minimum income tax in specified years from
qualification for the refundable tax credit for real property taxes
paid in excess of four percent of income; defining terms;
specifying treatment of certain income and deduction items for
certain regulated investment companies and real estate investment
companies; delaying the effective date of alternative definition of
levies for general current expenses purposes; authorizing state
income tax withholding from the individual's payment of
unemployment compensation; specifying
"