This bill amends the Code of West Virginia to provide an automatic extension for taxpayers who are granted a federal extension when filing their state corporation net income tax return. Specifically, it introduces a new provision stating that for tax years beginning on or after January 1, 2026, taxpayers receiving an automatic extension for their federal income tax return will also receive a corresponding automatic extension for their West Virginia income tax return. The due date for these state returns will be one month after the federal due date, including any extensions granted by the IRS. Additionally, taxpayers who file their West Virginia tax return within this timeframe will not incur any penalties for late filing.

The bill also includes a deletion of the previous subsection (d) and renumbers it to (e), which pertains to the effective date of amendments made in 1993. The overall purpose of the bill is to streamline the filing process for corporations by aligning state tax return deadlines with federal extensions, thereby reducing the administrative burden on taxpayers.

Statutes affected:
Introduced Version: 11-24-13