H. B. 2573
(By Delegates Caputo, By Request
and Manchin and Longstreth)
[Introduced February 18, 2009; referred 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
payable on September 1 of the year for which the assessment is
made, and shall become delinquent on October 1; the second
installment shall be payable on the first day of the following
March 1 and shall become 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 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, 2009, current
taxes assessed on real and personal
property may be paid in
quarterly installments
. The first quarterly installment shall be
payable on September 1 of the year for which the assessment is
made, and shall become delinquent on October 1; the second
quarterly installment shall be payable on the following January 1
and shall become delinquent on February 1; the third installment
shall be payable on the following March 1 and shall become
delinquent on April 1; the fourth installment shall be payable on
the following August 1 and shall become 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 for timely filing and payment to the tax
commissioner or Department of tax and Revenue shall be the same
methods utilized for timely filing and payment with such sheriff.
Nothing contained in this subsection (b) shall prohibit 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
the present law, and underscoring indicates new language that would
be added.