SB151 H FIN AM #1

Chakmakian 3260

The Committee on Finance moved to amend the bill on page 4, section 3a, line 44, by striking “W.Va. Code”; and

On page 4, section 3a, line 52, by striking “W.Va. Code”; and

On page 4, section 3a, line 60, by striking subsection (p) in its entirety and inserting in lieu thereof the following;

 “(p) The Tax Commissioner shall propose rules for legislative approval in accordance with the provisions of §29A-3-1 et seq. of this code to administer the tax levied pursuant to the provisions of this section.  These rules must include a description of how the adjustments to income and the credit authorized by this section apply to direct or indirect owners of an electing pass-through entity based upon various ownership structures.”

On page 6, section 20, line 29, by striking “article” and inserting “code”; and

On page 6, section 20, line 34, by striking “article” and inserting “code”.

Adopted

Rejected