HB2360 SFAT PLYMALE 4-12

Hager 7871

    Senators Plymale and Sypolt 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 No. 2360--A Bill to amend and reenact §11-1C-5b of the Code of West Virginia, 1931, as amended; and to amend and reenact §18-9A-11 of said code, all relating to calculating local share for the purpose of public school support; clarifying effective date; modifying annual deadline for the Tax Commissioner to calculate the total assessed values for the purpose of calculating local share for each county and report the total assessed values to the state Board of Education; requiring actual assessed values to be used for the purposes of calculating local share for the first tax year a county’s assessments are below the required level; requiring the Property Valuation Training and Procedures Commission to notify the county assessor that assessments are below the required level; requiring the use of assumed assessed values for the second consecutive year and consecutive years thereafter that assessments are below the required level; and requiring the use of projections or estimations for required preliminary computations of local share.

Adopted

Rejected