West Virginia Legislature
2017 Regular Session
Introduced
House Bill 2414
(By Delegate Caputo)
[Introduced February 13, 2017; 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 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.