The bill amends sections 11-8-6e and 11-8-9 of the Code of West Virginia, focusing on the procedures for local levying bodies regarding property tax levies. It clarifies the conditions under which these bodies can conduct late meetings and file late reports, specifically allowing for extensions until June 1 if a levy is placed on the ballot during a primary election. Additionally, the State Auditor is tasked with proposing rules for legislative approval to implement these changes, including a process for local levying bodies to apply for permission to hold late meetings and file reports.

Furthermore, the bill revises the calculation of reduced levy rates when property appraisals result in tax increases. It stipulates that if an appraisal leads to a projected revenue increase of one percent or more, the levy rates must be proportionately reduced to ensure that total property tax revenues do not exceed 101 percent of the previous year's revenues, barring compliance with specific conditions. The bill also outlines the requirements for public hearings related to proposed tax increases, ensuring transparency and public participation in the decision-making process.

Statutes affected:
Introduced Version: 11-8-9
Committee Substitute: 11-8-6e, 11-8-9
Enrolled Committee Substitute: 11-8-6e, 11-8-9