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 approves the legislative rule filed in the State Register on March 11, 2024, which is identified as 110 CSR 50C and is authorized under the authority of section 11-10-5 of the code. The primary purpose of this bill is to facilitate the exchange of information by allowing the State Tax Department to establish guidelines through the proposed legislative rule. This change aims to enhance the efficiency and effectiveness of information sharing within the framework of the state's tax administration.

Statutes affected:
Introduced Version: 64-7-1