§11-6H-1. Short Title
This article shall be known and cited as the Special Aircraft Property Valuation Act.
§11-6H-2. Definitions
(a) When used in this article, terms defined in subsection (b) of this section have the meanings ascribed to them by this section, unless a different meaning is clearly required by the context in which the term is used. (b) Terms defined. — (1) “Aircraft” means a weight-carrying structure for navigation of the air that […]
§11-6H-3. Valuation of Special Aircraft Property
Notwithstanding any other provision of this code to the contrary, the value of special aircraft property, for the purpose of ad valorem property taxation under this chapter and under article X of the Constitution of the State of West Virginia, shall be its salvage value.
§11-6H-4. Initial Determination by County Assessor
The assessor of the county in which a specific item of property is located shall determine, in writing, whether that specific item of property is special aircraft property subject to valuation in accordance with this article. Upon making a determination that a taxpayer has special aircraft property, the county assessor shall notify the Tax Commissioner […]
§11-6H-5. Protest and Appeal
At any time after the property is returned for taxation, but prior to January 1, of the assessment year, any taxpayer may apply to the county assessor for information regarding the issue of whether any particular item or items of property constitute special aircraft property under this article which is subject to valuation in accordance […]
§11-6H-6. Report on Economic Benefit
The West Virginia Aeronautics Commission shall provide to the Joint Committee on Government and Finance by March 1, 2012, and on March 1 of each of the two subsequent years, a report detailing the economic benefit of the valuation method specified in this article. The report is to include the number of new jobs created, […]
§11-6H-7. Effective Date
This article shall be effective for assessment years commencing on and after July 1, 2009.