SB386 S JUD AMT

Kevin Baker x7816

    The Committee on the Judiciary moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

    Eng. Senate Bill No. 386--A Bill to amend and reenact §11-24-13f of the Code of West Virginia, 1931, as amended, relating to taxation of water’s-edge corporations; exempting certain income which is already exempt under certain tax treaties by federal law; clarifying the entities to be included in a water’s-edge group for corporation net income tax purposes; providing certain authority to the Tax Commissioner to require reports or make adjustments; and authorizing legislative, procedural or emergency rules, as necessary.

Adopted

Rejected