The "Tax Efficiency Act of 2026" aims to amend the Code of West Virginia to facilitate the payment and management of municipal business and occupation or privilege taxes through a statewide electronic data processing system network. The bill introduces new provisions that allow taxpayers to remit payments using this electronic system, which is designed to streamline tax administration and enhance information sharing among municipalities and the Tax Commissioner. Additionally, the Tax Commissioner is authorized to offer municipalities a uniform computerized billing and accounting system for business and occupation taxes, with costs shared proportionately among participating municipalities.

Furthermore, the bill establishes a "municipal business and occupation or privilege tax fund" to manage payments for services rendered under this new system. It also clarifies that payments postmarked or submitted via the electronic system on or before the due date will not incur late fees, while those submitted after the due date may be subject to penalties. The legislation includes a cap on fees charged by third-party vendors collecting these taxes, ensuring they do not exceed 20% of the total taxes collected. Overall, the bill seeks to modernize tax collection processes and improve efficiency for municipalities across West Virginia.

Statutes affected:
Introduced Version: 8-13-5