WVC 11 - 14 C- 47
§11-14C-47. Disposition of tax collected; dedicated receipts;
(a) There is hereby created and established in the state
treasury a special revolving fund to be known and designated as the
"Motor Fuel General Tax Administration Fund." The commissioner is
authorized to retain one half of one percent of the tax collected
pursuant to the provisions of this article: Provided,
That in any
fiscal year in which the tax collected pursuant to the provisions
of this article exceed three hundred million dollars, the
commissioner is authorized to retain an additional one percent of
the tax in excess of the three hundred million dollars that is
collected. The amounts retained by the commissioner under this
subsection shall be deposited in the motor fuel general tax
administration fund and may be expended for the general
administration of taxes imposed by this chapter.
(b) All remaining tax collected under the provisions of this
article after deducting the amount of any refunds lawfully paid
shall be paid into the state road fund and used only for the
purpose of construction, reconstruction, maintenance and repair of
highways, matching of federal moneys available for highway purposes
and payment of the interest and sinking fund obligations on state
bonds issued for highway purposes.
(c) Not less than monthly, beginning the first day of July,
two thousand seven, the Commissioner of Highways shall report to
the Joint Committee on Government and Finance or its designated subcommittee on the amount of tax paid into the state road fund
under subsection (b) of this section, any matching federal funds,
and all expenditures therefrom.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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