ADMINISTRATIVE NOTICE 96-22



	Notice of Adjusted Interest Rate
	On Tax Underpayments and Overpayments
	And on Public Contracts
	For the Period of
	July 1, 1996 through December 31, 1996


	West Virginia Code §11-10-17a requires the Tax Commissioner to establish interest rates every six months based on the adjusted prime rate charged by banks.  The interest rate shall not be less than 8 percent.  

	Notice is hereby given that the rate of interest on underpayments and overpayments of taxes, and on public contracts when final payment is delayed, will be 9 percent for the period beginning July 1, 1996, and ending December 31, 1996, inclusive.

	Notice of this determination by the Tax Commissioner was submitted to the State Register.




							James H. Paige III 
							State Tax Commissioner

							Issued:  April 11, 1996