This bill aims to amend the West Virginia Code by eliminating the accelerated tax payment requirements for consumers sales and service tax, use tax, and personal income tax withholding. Specifically, it repeals the provisions that mandated taxpayers and employers to remit taxes attributable to the first fifteen days of June by a specified date if their average monthly payments exceeded $100,000. The sections affected include 11-15-16(g), 11-15A-10(f), and 11-21-74(d), which will no longer have any force or effect upon the bill's passage.

By removing these accelerated payment requirements, the bill seeks to provide taxpayers with more flexibility and reduce the financial burden associated with early tax remittances. The changes are intended to streamline the tax payment process and ensure that taxpayers are given adequate notice regarding their obligations. Overall, the bill reflects a legislative effort to simplify tax compliance for businesses and individuals in West Virginia.

Statutes affected:
Introduced Version: 11-15-16, 11-15A-10, 11-21-74