The proposed bill aims to amend the Code of West Virginia by introducing a new section, 11-10-28, which focuses on enhancing efficiency in the Tax Division's reporting processes. The Legislature acknowledges that many existing statutory requirements for the Tax Commissioner to submit reports have become redundant and inefficient, diverting resources from core functions without yielding significant benefits to the legislative process or the public. The bill seeks to repeal specific reporting requirements that are deemed unnecessary, thereby reducing administrative burdens and improving the allocation of state resources.

Specifically, the bill outlines that starting January 1, 2025, the Tax Commissioner will no longer be required to submit reports related to various tax credits and programs, including the Economic Opportunity Tax Credit Review and Accountability Report, the Manufacturing Investment Tax Credit Review, and the Coal Severance Tax Rebate Report, among others. However, the bill clarifies that the Tax Commissioner is still permitted to provide information and reporting as part of other required reports, ensuring that essential data can still be communicated when necessary. Overall, the bill aims to streamline government operations and promote a more responsive legislative environment.

Statutes affected:
Introduced Version: 11-10-28