110 CSR 13X
H. B. 4239

(By Delegates Brown, D. Poling, Fleischauer, Talbott, Overington and Sobonya)

[Introduced January 29, 2010; referred to Finance then the Judiciary.]

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 film industry investment 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 thirtieth day of July, two thousand nine, authorized under the authority of section nine, article thirteen-x, 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 twenty-first day of January, two thousand ten, relating to the State Tax Department (film industry investment tax credit, 110 CSR 13X), 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 Film Industry Investment Tax Credit.

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