The bill amends sections of the West Virginia Code to eliminate the accelerated tax payment requirements for certain taxpayers. Specifically, it repeals the provisions that mandated taxpayers whose average monthly tax payments exceeded $100,000 to remit taxes attributable to the first fifteen days of June by June 20. This change is reflected in the deletion of the relevant subsections in both the Consumers Sales and Service Tax (11-15-16) and Use Tax (11-15A-10) articles, as well as the Personal Income Tax article (11-21-74).

By removing these accelerated payment requirements, the bill aims to simplify tax compliance for businesses and individuals, allowing them to adhere to standard monthly payment schedules without the additional burden of early remittances. The effective date of the bill is upon passage, indicating an immediate implementation of these changes to the tax code.

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