The Senate Finance Committee has approved four bills to be reported to the floor with the recommendation that they pass.
SB 304 would appropriate $2,700,000 in expiring funds from the General Revenue Fund to the state Department of Health and Human Resources.
Committee counsel also informed the committee that there is currently $678 million total in the state’s Rainy Day Fund.
The bill was originally proposed by the governor as part of his budget plan.
SB 476 would appropriate $101,700,000 in expiring funds from the Revenue Shortfall Reserve Fund to the General Revenue Fund.
Mike McKown, director of the State Budget Office, was available to answer questions from committee members.
The bill was originally proposed by the governor as part of his budget plan.
HB 2963 would eliminate the requirement that the personal representative of a nonresident decedent apply to the Tax Commissioner for a certificate releasing all real property situate in this state from any estate tax lien, because West Virginia does not impose an estate tax or an inheritance tax on estates of persons dying after December 31, 2004.
HB 2734 would authorize a method for the collection and remittance of property taxes related to a dealer’s heavy equipment inventory.
Current law does not provide any special guidance in this regard.
Senator Jeff Mullins, R-Raleigh, amended the bill to make technical corrections regarding consistency in the bill’s language.
The committee will not be meeting this afternoon or Saturday, April 1.
