WEST virginia legislature
2022 regular session
Introduced
House Bill 4544
By Delegates Householder, Criss and Bates
[By Request of the State Tax Department]
[Introduced February 03, 2022; Referred to the Committee on Finance]
A BILL to amend and reenact §11-13J-10 of the Code of West Virginia, 1931, as amended, relating to the Neighborhood Investment Program, adding a sunset provision regarding the reporting requirement; and providing an effective date.
Be it enacted by the Legislature of West Virginia:
ARTICLE 13J. NEIGHBORHOOD INVESTMENT PROGRAM.
§11-13J-10. Public information relating to tax credit.
(a) The Tax Commissioner shall annually publish in the
State Register the name of every taxpayer asserting this credit on a tax
return, and the amount of any credit asserted on a tax return under this
article by each such taxpayer, and the confidentiality provisions of section
four-a, article one of this chapter or section five-d, article ten of this
chapter §11-1-4a or §11-10-5d of this code, or of any other
provision of this code, do not apply to such information.
(b) The provisions of §11-13J-10(a) of this code shall have no force or effect on or after January 1, 2022.
NOTE: The purpose of this bill is to increase administrative efficiency by eliminating the reporting requirement of the Neighborhood Investment Program, which is infrequently claimed.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.