West Virginia
Legislature
2017 Regular Session
Introduced
House Bill 2414
(By Delegate Caputo)
to the Committee on the Judiciary then Finance.]
A BILL to amend and
reenact §11A-1-3 of the Code of West Virginia, 1931, as amended, relating to
allowing quarterly payment of real and personal property taxes.
Be it enacted by the
Legislature of West Virginia:
That §11A-1-3 of the Code of West Virginia, 1931, as
amended, be amended and reenacted to read as follows:
ARTICLE 1. ACCRUAL AND COLLECTION OF TAXES.
§11A-1-3. Accrual; time for payment; interest on
delinquent taxes.
(a) All current taxes
assessed on real and personal property may be paid in two installments. The
first installment shall be is payable on September 1 of the year
for which the assessment is made and shall become becomes
delinquent on October 1; the second installment shall be is
payable on the first day of the following March 1 and shall become
becomes delinquent on April 1.
Taxes paid on or before the date when they are payable, including both
first and second installments or quarterly installments, shall be
are subject to a discount of two and one-half percent. If taxes are not paid on or before the date on
which they become delinquent, including both first and second installments or
quarterly installments, interest at the rate of nine percent per annum
shall be added from the date they become delinquent until paid. Beginning July 1, 2017, current taxes
assessed on real and personal property may be paid in quarterly installments:
(1) The first quarterly installment is payable on September 1 of the year for
which the assessment is made and becomes delinquent on October 1; (2) the
second quarterly installment is payable on the following January 1 and becomes
delinquent on February 1; (3) the third installment is payable on the following
March 1 and becomes delinquent on April 1; and (4) the fourth installment is
payable on the following August 1 and becomes delinquent on September 1.
(b) With regard to real and
personal property taxes, when any return, claim, statement or other document is
required to be filed or any payment is required to be made within a prescribed
period or before a prescribed date and the applicable law requires delivery to
the office of the sheriff of a county of this state, the methods prescribed in
§11-10-5f section five-f, article ten, chapter eleven of
this code for timely filing and payment to the Tax Commissioner or
Department of tax and Revenue shall be the same methods utilized used
for timely filing and payment with such the sheriff. Nothing
contained in this subsection (b) shall prohibit prohibits the
sheriff from establishing additional methods of payment in accordance with the
provisions of section eight-a of this article.
NOTE: The purpose of this bill is to allow quarterly payment of real and personal property taxes.
Strike-throughs indicate language that would be stricken from a heading or the present law, and underscoring indicates new language that would be added.