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Can you summarize WVCO 64-7-5?
AUTHORIZATION FOR DEPARTMENT OF REVENUE TO PROMULGATE LEGISLATIVE RULES. > Tax Department.
Short Summary
This document reviews various legislative rules filed in the State Register related to the Tax Department in West Virginia. The document authorizes or disapproves specific legislative rules based on their compliance with the relevant sections of the West Virginia Code. The authorized rules cover topics such as the valuation of producing and reserve oil, natural gas liquids, and natural gas for ad valorem property tax purposes, tax credits for federal excise tax imposed upon small arms and ammunition manufacturers, sales tax holiday, exemption for repair, remodeling, and maintenance of aircraft, vendor absorption or assumption of sales and use tax, on-line bingo and raffles, and corporation net income tax. The document provides details on the modifications made to certain rules to address objections raised by the Legislative Rule-Making Review Committee. No exemptions or penalties are mentioned in this document.
Whom does it apply to?
Entities and individuals subject to taxation in West Virginia
What does it govern?
Tax Department
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
West Virginia