HB 4353
Prohibit municipalities from collecting B&O taxes on projects that are funded by state or federal government programs
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill prevents West Virginia cities and towns from charging business and occupation taxes on projects that receive funding from state or federal government programs. It specifically addresses how municipalities tax businesses, ensuring that projects supported by public funds are exempt from local tax collection. The bill clarifies existing rules regarding tax rates and exemptions, particularly for health maintenance organizations and new automobile sales.
Key provisions
- Prohibits municipalities from collecting business and occupation taxes on projects funded by state or federal programs.
- Clarifies municipal business and occupation tax rates, referencing rates from 1959.
- Establishes specific tax rate reductions for new automobile sales over a three-year period.
- Provides exemptions for certain religious and charitable organizations.
- Addresses taxation of income derived from activities in multiple municipalities.
- Allows municipalities to offer tax credits to attract businesses.
- Sets limits on fees charged by third-party vendors collecting taxes on behalf of municipalities.
- Specifies procedures for tax assessment and collection, aligning with existing state tax procedures.
Who is affected
- Municipalities in West Virginia
- State and Federal Government Agencies
- Businesses receiving state or federal funding for projects
- Taxpayers subject to municipal business and occupation taxes
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