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 formalize the process by which the State Tax Department can exchange information through written agreements, thereby enhancing the department's ability to manage and utilize information effectively. The bill does not include any deletions from current law but introduces new language to clarify the legislative rule's authorization.

Statutes affected:
Introduced Version: 64-7-1