SUBJECT:

NOTICE OF ADJUSTED INTEREST RATE- On Tax Underpayments and Overpayments And on Public Contracts For the Period of July 1, 1998 through December 31, 1998

 

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, 1998, and ending December 31, 1998, inclusive.

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

Issued: May 25, 1998	Richard E. Boyle, Jr. State Tax Commissioner West Virginia State Tax Commission
State Tax Commission Taxpayer Services Division Building 1, Room W-417 1900 Kanawha Boulevard, East Charleston, WV 25305	Operator on duty 8:30 am - 4:30 pm Monday through Friday Phone: (304) 558-3333 or 1-800-982-8297 Fax: (304) 558-3269 TDD Service/Hearing Impaired 1-800-282-9833