Prohibits tax preparation software companies from charging fee for electronically filing State tax returns.
Impact
If enacted, HB4789 could significantly impact the operations of tax preparation software companies in West Virginia. These companies, including popular platforms for individuals and businesses, would need to adjust their pricing structures in order to comply with the new restrictions. The bill may enhance the ability of taxpayers to file their returns without additional costs, potentially increasing the rates of electronic filings across the state. The legislation aligns with broader efforts to ensure that tax processes are not only simplified but also economically accessible for all residents.
Summary
House Bill 4789, introduced by Delegate Young, seeks to amend the Code of West Virginia by prohibiting tax preparation software companies from charging any fees for electronically filing state tax returns. This legislation aims to alleviate cost burdens on taxpayers, who often rely on such software to file their taxes more efficiently and accurately. By ensuring that taxpayers are not charged for electronic filing, the bill intends to promote increased accessibility and affordability of tax filing services.
Sentiment
Overall sentiment towards HB4789 appears to be positive among advocates who support the reduction of fees associated with tax preparation processes. Proponents argue that this bill is a necessary step toward relieving financial pressure on taxpayers, especially those with lower incomes who may struggle to afford tax services. However, concerns may exist regarding the impact on software companies’ revenues and the potential challenges they face in adapting their business models to comply with these new regulations.
Contention
Notable points of contention surrounding HB4789 may include debates regarding the sustainability of tax preparation software companies without the ability to charge fees. Some critics might argue that the absence of such fees could diminish the quality or availability of services provided by these companies. Furthermore, there may be questions regarding the implementation and enforcement of the bill, such as how to ensure compliance from various developers and vendors of tax software.
Relating to the consumers sales and service tax and returning the refundable exemption for sales of construction and maintenance materials acquired by a second party for use in Division of Highways projects
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