This bill aims to amend the West Virginia Code by eliminating the accelerated tax payment requirements for consumers sales and use taxes, as well as withholding taxes. Specifically, it repeals the provisions in sections 11-15-16(g), 11-15A-10(f), and 11-21-74(d) that mandated taxpayers and employers with average monthly payments exceeding $100,000 to remit taxes attributable to the first fifteen days of June by specific deadlines. The bill inserts new language stating that these provisions will no longer have any force or effect upon passage, effectively removing the accelerated payment obligations.

The intent of the bill is to provide relief to taxpayers by allowing them to adhere to standard payment schedules without the pressure of accelerated deadlines. By terminating these requirements, the bill seeks to simplify tax compliance for businesses and individuals, ensuring they have adequate time to manage their tax obligations without the burden of advanced payments.

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