§33-3-17. Minimum tax payable.
(a) The minimum amount of tax payable by any insurer licensed
in the state of West Virginia when considering the aggregate
payments due from all of the taxes imposed by this article is two
hundred dollars for any calendar year. This minimum tax is payable
annually on or before the first day of March and shall be
calculated on a form prescribed by the commissioner. Except as
otherwise provided in this section, all provisions of this article
relating to the levy, imposition and collection of the regular
premium tax are applicable to the levy, imposition and collection
of this minimum tax. All moneys received by the commissioner from
this minimum tax shall be paid into the insurance tax fund created
in subsection (b), section fourteen of this article.
(b) The amendment to this section enacted during the regular
session of the Legislature in the year one thousand nine hundred
ninety-eight is effective on the first day of July, one thousand
nine hundred ninety-eight.
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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