Relating to authorizing the Tax Department to promulgate a legislative rule relating to the valuation of timberland and managed timberland.

HB 4252 authorizes West Virginia's Tax Department to implement a specific rule (110 CSR 01H) for valuing timberland and managed timberland in property tax assessments. This rule establishes the methodology used to determine the taxable value of land used for growing trees, affecting landowners who own such properties. The bill provides legal authority for the Tax Department to use this rule but does not change existing tax rates or policies. Landowners with timberland or managed timberland will be directly impacted by how their property is valued under this rule.