Creating “The Tax Efficiency Act of 2026”

Summary

The bill lets West Virginia cities and towns impose a business and occupation (or privilege) tax, sets maximum rates and specific exemptions, and builds a state‑run electronic filing system. It affects any business operating within a municipality, including aircraft‑repair shops, health‑maintenance organizations, and new‑car sellers. The system is funded by a 1% fee on collections and only launches once participating municipalities together generate at least $30 million in revenue.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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