W. Va. Code R. § 110-39-5

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 110-39-5 - Information sharing

5.1. The State Tax Commissioner may enter into written exchange of information agreements with the municipal or county commission responsible for the administration of special district excise taxes to disclose and receive return information. The agreements shall be published in the State Register and shall only be for the purpose of facilitating administration and collection of the special district excise tax. The provisions of this section shall not be construed to preclude or limit disclosure of tax information authorized by any provision of the West Virginia Code. Any confidential return information that is disclosed shall remain confidential in the hands of the other agency to the extent provided by W. Va. Code § 11-10-5d and by other applicable federal or State laws.

5.2. Pursuant to W. Va. Code § 11-10-5d(f):

5.2.1. As long as bonds are outstanding pursuant to W. Va. Code §§ 7-22-1 or 8-38-1, the State Tax Commissioner shall provide on a monthly basis to the trustee for bonds issued pursuant to that article, information on returns submitted pursuant to this rule; and,

5.2.2. The State Tax Commissioner or the trustee may share the information with the county commission, municipality or district board and with the bondholders and bond counsel for bonds issued pursuant to W. Va. Code §§ 7-22-1 or 8-38-1.

5.2.3. The State Tax Commissioner and the trustee may enter into a written agreement in order to accomplish the exchange of information.

W. Va. Code R. § 110-39-5