CHARLESTON, W.V.—West Virginia Department of Revenue Secretary, Virgil T. Helton, and State Tax Commissioner, Craig A. Griffith, today announced the next meeting of the West Virginia Tax Modernization Project will take place on Aug. 5, 2010 at 1:30 p.m. at the Summit Conference Center, in Charleston, W.Va..
During the August 5th meeting, members will provide updates on the progress of the project and will seek public comments and suggestions for changes that further the project’s goal of improving and modernizing West Virginia’s tax structure.
“This year, Governor Manchin has asked that we focus on local taxation issues,” Secretary Helton said. “We encourage a public dialogue on this topic and others.”
The following areas are among the topics that will be reviewed and discussed by project members:
- Telecommunications Tax Study;
- State Road Fund Financing;
- Property Taxation;
- Senior Citizen Tax Credits; and
- County and Municipality Taxes and Fees
“West Virginia’s tax structure has been modernized as a result of recommendations made by the project to the governor in 2006 and 2009,” Commissioner Griffith said. “I, along with the other members of the Project, look forward to continuing our efforts to make West Virginia’s tax system more efficient and fair.”
Some of the changes resulting from the project’s 2009 meeting include:
- Taxpayers who pay more than $10,000 in any tax for a single year must file all returns and pay all taxes electronically;
- Companies with 50 or more employees must electronically file withholding tax returns;
- Tax professionals that prepare 25 or more personal income tax returns must file those returns electronically;
- A study resolution to examine the telecommunications tax; and
- Property tax assessment and appeals process reform.
Verbal and written public comments and suggestions may be submitted at the meeting, or by e-mail to email@example.com.