§11-24-39. Disposition of revenue.
Pursuant to the Legislature's authority under section 1 of
article X of the constitution of this state, whereby the
Legislature is authorized to impose a tax upon incomes of persons
and corporations and to classify and graduate the tax on all
incomes according to the amount thereof and to exempt from
taxation incomes below a minimum to be fixed by the Legislature,
and whereby revenues so derived may be appropriated as the
Legislature may provide, of the revenue collected under this
article the state treasurer shall retain in his hands such amount
as the tax commissioner may determine to be necessary for refunds
to which taxpayers shall be entitled under this article and on or
before the tenth day of each month the state treasurer shall,
after reserving such refund amount, pay all interests, penalties
and taxes collected under this article, and remaining to his
credit in banks, banking houses or trust companies at the close
of business on the last day of the preceding month, into the
general fund of the state treasury.
Note: WV Code updated with legislation passed through the 2016 Regular Session
The West Virginia Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.