Associated Press, West Virginia News, Wheeling Intelligencer, Weirton Daily Times, Times West Virginian – West Virginians will see their personal income taxes drop by 4% in the new year, Gov. Jim Justice said.
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The Republican governor announced Thursday that state revenues had met the threshold to trigger the reduction, set to take effect Jan. 1. The decision was certified by Revenue Secretary Larry Pack and State Auditor JB McCuskey.
The cut comes after Justice signed a 21.25% income tax reduction last year. According to the 2023 law, additional state income tax cuts can be triggered by a formula involving higher-than-anticipated annual revenue collections. Those further tax reductions cannot be larger than 10%.
