Authorizes the Tax Department to create rules for valuing timberland and managed timberland.

This bill authorizes the West Virginia Tax Department to establish a legislative rule for the valuation of timberland and managed timberland. The rule will be filed in the State Register and is intended to provide a framework for assessing the value of these types of land. This authorization is a new addition to the existing code.

Authorizes the Tax Department to create rules for valuing timberland and managed timberland.

This bill authorizes the West Virginia Tax Department to establish a legislative rule for the valuation of timberland and managed timberland. The rule will be filed in the State Register and is intended to provide a framework for assessing the value of these types of land. This authorization is a new addition to the existing code.