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.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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