Senate Bill No. 554

(By Senators Tomblin, Mr. President, and Sprouse,

By Request of the Executive)

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[Introduced March 21, 2001;

referred to the Committee on Finance.]

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A BILL to repeal section twenty-two, article ten, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, relating to information returns to gather information to reasonably predict revenues and how recommendations of governor's commission on fair taxation would impact different businesses.

Be it enacted by the Legislature of West Virginia:
ARTICLE 10. PROCEDURE AND ADMINISTRATION.
§1. Repeal of section relating to information returns for commission on fair taxation.

Section twenty-two, article ten, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, is hereby repealed.
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(NOTE: The purpose of this bill is to repeal the requirement that a statistical sample of businesses file information returns providing information to predict revenues and project how the recommendations of the governor's commission on fair taxation would impact different classes of business.)