WV HB2998

Eliminates the accelerated tax payment requirement for consumers sales and service tax, which previously required taxpayers with average monthly payments exceeding $100,000 to remit taxes for the first 15 days of June by June 20

Eliminates the accelerated tax payment requirement for use tax, which similarly required large taxpayers (over $100,000 average monthly payment) to make early June payments by June 20

Eliminates the accelerated withholding tax payment requirement for employers whose average monthly withholding exceeded $100,000, which previously required remittance of taxes for the first 15 days of June by June 23

All three accelerated payment provisions become ineffective upon passage of the bill, returning affected taxpayers to standard monthly filing and payment schedules with returns due by the 20th of the following month