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WV HB4418

WV HB4418
Creating the “The Tax Efficiency Act of 2026”


summary

Introduced
01/16/2026
In Committee
02/05/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

The purpose of this bill is to enact the Tax Efficiency Act of 2026, allowing municipal business and occupation or privilege taxes to be paid utilizing the statewide electronic data processing system network.

AI Summary

This bill, titled the "Tax Efficiency Act of 2026," allows municipalities to collect their business and occupation or privilege taxes, which are local taxes on businesses, through the state's existing electronic data processing system network. This system, referred to as the "system," is already used for administering property taxes and will be modified to include municipal business and occupation taxes. The Tax Commissioner will manage this process, with participating municipalities sharing costs, and can offer an optional computerized billing and accounting system to them. Payments made through this system will be deposited into a new "municipal business and occupation or privilege tax fund." The bill also clarifies that payments remitted via the system on or before the due date will be considered timely, even if received by the municipality after the due date.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

Standing Committee on Finance Meeting (00:00:00 2/23/2026 House Finance Committee Room) (on 02/23/2026)

bill text


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