West Virginia Code
1 - WEIGHTS AND MEASURES
1A - REGULATION AND CONTROL OF BEDD
2 - TRADEMARKS IN GENERAL
2A - COPYRIGHT PROTECTION
3 - TRADEMARKS OF DEALERS IN LIQUID
4 - BRANDS OF TIMBER DEALERS
5 - SAFETY GLAZING MATERIALS
6 - MONEY AND INTEREST
7 - LICENSED LOANS OF SMALL AMOUNTS
7A - SMALL LOANS
8 - TRADE NAMES
8A - UNIFORM PARTNERSHIP ACT
9 - UNIFORM LIMITED PARTNERSHIP ACT
9A - VOLUNTARY ASSOCIATIONS AND BUS
10 - LIQUID FUELS AND LUBRICATING
11 - FAIR TRADE ACT
11A - UNFAIR TRADE PRACTICES
11B - CLOSING-OUT SALES, FIRE SALE
11C - WEST VIRGINIA PETROLEUM PROD
11D - THE MOTION PICTURE FAIR COMP
11E - PHYSICIANS FREEDOM OF PRACTI
11F - FARM EQUIPMENT DEALER CONTRA
12 - REAL ESTATE COMMISSION, BROKE
13 - CIGARETTE SALES ACT
14 - PRENEED FUNERAL CONTRACTS
15 - PYRAMID PROMOTIONAL SCHEME
16 - COLLECTION AGENCIES
17 - REGULATION OF MOTOR FUEL CONT
47 - 17 - 1
18 - ANTITRUST ACT; RESTRAINT OF T
19 - DRUG PARAPHERNALIA
20 - CHARITABLE BINGO
21 - CHARITABLE RAFFLES
22 - UNIFORM TRADE SECRETS ACT
23 - CHARITABLE RAFFLE BOARDS AND
24 - THE REVERSE MORTGAGE ENABLING
25 - REDUCED CIGARETTE IGNITION PR
26 - PAWNBROKERS
27 - COURT REPORTER SERVICES
CHAPTER 47. REGULATION OF TRADE.
ARTICLE 17. REGULATION OF MOTOR FUEL CONTRACTS.
(a) If a contract requires one party to reimburse another party for taxes levied under Part III of Subchapter A of Chapter 32 of the federal Internal Revenue Code, the party making the reimbursement, at its option, shall not be required to reimburse the other party more than one business day before the other party is required to remit the taxes to the Internal Revenue Service.
(b) If a party chooses to exercise its option under subsection (a) of this section, and provision is not already provided in the contract, the party shall notify the other party in writing of its intention. The option may not be exercised until at least thirty days after the written notification or the beginning of the next federal tax quarter, whichever is later.
(c) The party to be reimbursed under subsection (a) of this section may require security from the reimbursing party for the payment of the taxes in proportion to the amount the taxes represent compared to the security required on the contract as a whole. The party to be reimbursed shall not change other payment terms of the contract due to the timing of the tax reimbursement, but may require the taxes to be reimbursed by electronic transfer of funds.
(d) This section applies to all continuing contracts now in effect that have no expiration date and all contracts entered into or renewed after the effective date of this section as enacted in two thousand five.