West Virginia § 31-14-13 Exemption from payment of business and occupation taxes; treatment as banking institution for purposes of property taxation

West Virginia Statutes

§ 31-14-13 — Exemption from payment of business and occupation taxes; treatment as banking institution for purposes of property taxation

West Virginia § 31-14-13

Ch. 31CORPORATIONS

Art. 14WEST VIRGINIA BUSINESS DEVELOPMENT CORPORATIONS

This text of West Virginia § 31-14-13 (Exemption from payment of business and occupation taxes; treatment as banking institution for purposes of property taxation) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 31-14-13 (2026).

Text

Every corporation organized under the provisions of this article shall be exempt from payment or collection of the business and occupation tax as provided for by chapter eleven, article thirteen of the Code of West Virginia, 1931, as amended, upon the business done by it. Upon certification by the corporation to the State Tax Commissioner that it is a corporation organized under and pursuant to the provisions of this article, such corporation shall not be required to file annual or other returns under the requirements of said chapter and article. Every business development corporation organized under the provisions of this article shall be taxed as a banking institution for the purposes of article three, chapter eleven of this code.

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Every corporation organized under the provisions of this article shall be exempt from payment or collection of the business and occupation tax as provided for by chapter eleven, article thirteen of the Code of West Virginia, 1931, as amended, upon the business done by it. Upon certification by the corporation to the State Tax Commissioner that it is a corporation organized under and pursuant to the provisions of this article, such corporation shall not be required to file annual or other returns under the requirements of said chapter and article. Every business development corporation organized under the provisions of this article shall be taxed as a banking institution for the purposes of article three, chapter eleven of this code.

Legislative History

1972 Reg. Sess., HB1244; 1959 Reg. Sess., SB273

Nearby Sections

15

§ 31-1-1

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Legislative History

Nearby Sections

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