SENATE CONCURRENT RESOLUTION NO. 21
(By Senators McCabe, Minear, Unger and Foster)
Requesting the Joint Committee on Government and Finance study the
feasibility of repealing the current corporate license tax and
replacing it with a fee to be administered by the Secretary of
State.
Whereas, The current corporate license tax is archaic,
confusing to businesses and difficult to administer; and
Whereas, Streamlining and updating the process to more
accurately reflect the true purpose of the reporting requirement
would be less burdensome to businesses and more efficient; and
Whereas, An annual reporting requirement with an annual fee
could be administered by the Secretary of State to offset the
fiscal impact of the tax being repealed; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby
requested to study the feasibility of repealing the current
corporate license tax and replacing it with a fee to be
administered by the Secretary of State; and, be it
Further Resolved, That the Joint Committee on Government and
Finance report to the regular session of the Legislature, 2007, on
its findings, conclusions and recommendations, together with drafts
of any legislation necessary to effectuate its recommendations; and, be it
Further Resolved, That the expenses necessary to conduct this
study, to prepare a report and to draft necessary legislation be
paid from legislative appropriations to the Joint Committee on
Government and Finance.