Under West Virginia Code, a tax expenditure report must be submitted to the Legislature by January 15 of each year. In three-year cycles, these reports are intended to analyze tax expenditures for most major State Taxes. “Tax Expenditure, as defined by law, is a provision in the tax laws designed to encourage certain kinds of activities or to aid taxpayers in special circumstances. Such provisions generally include exclusions, exemptions, deductions, adjustments, credits and deferrals from tax.”