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 legislative 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 the legislative decision-making process.

Specifically, the bill eliminates the requirement for the Tax Commissioner to submit various reports related to tax credits and other financial matters, effective January 1, 2025. The reports being repealed include those concerning certified capital additions, criminal investigations, confidential taxpayer information, and multiple tax credit reviews. However, the bill clarifies that the Tax Commissioner is still permitted to provide information as part of the biennial report and other necessary reports, ensuring that essential data remains available for legislative purposes.

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