This bill amends and reenacts section 64-7-1 of the Code of West Virginia, 1931, to authorize the State Tax Department to promulgate a legislative rule concerning the exchange of information pursuant to a written agreement. Specifically, it references the legislative rule filed in the State Register on March 11, 2024, which is identified as 110 CSR 50C. The primary purpose of this bill is to formalize the State Tax Department's ability to establish guidelines for information exchange, thereby enhancing the efficiency and effectiveness of tax administration. The bill does not include any deletions from current law, focusing solely on the addition of the new rule.

Statutes affected:
Introduced Version: 64-7-1