This bill aims to amend the Code of West Virginia to explicitly state that subcontractors are exempt from municipal business and occupation taxes. The specific legal language added to the existing law clarifies this exemption by stating, "Provided, however, That subcontractors shall be exempt from a business and occupation or privilege tax hereunder." This addition is intended to provide clarity and ensure that subcontractors are not subject to these municipal taxes, aligning with the intent of the legislation.

In addition to the new exemption for subcontractors, the bill maintains existing provisions regarding the imposition of municipal business and occupation taxes, maximum tax rates, effective dates for local taxes, and exemptions for other activities. The overall goal of the bill is to simplify the tax obligations for subcontractors and prevent any potential confusion regarding their tax status within municipalities in West Virginia.

Statutes affected:
Introduced Version: 8-13-5