The bill amends the Code of West Virginia by adding a new section, 11-10-28, which aims to enhance efficiency in the Tax Division's reporting processes. It recognizes that many existing statutory requirements for the Tax Commissioner to submit various reports have become redundant and inefficient, imposing unnecessary burdens on state agencies and legislative bodies. The bill emphasizes the need to streamline government operations by repealing certain reporting requirements that do not contribute to actionable policy changes or legislative decision-making, ultimately promoting a more effective and transparent government.

Specifically, the bill eliminates the requirement for the Tax Commissioner to submit reports related to 19 different tax credits and programs, effective from January 1, 2025. These include reports on the Economic Opportunity Tax Credit, Manufacturing Investment Tax Credit, and various other tax credit reviews. However, the bill clarifies that the Tax Commissioner is still permitted to provide information as part of the biennial report or other necessary reporting, ensuring that essential data can still be communicated when deemed useful.

Statutes affected:
Introduced Version: 11-10-28
Enrolled Version: 11-10-28