West Virginia MetroNews, Charleston Gazette-Mail – The West Virginia Legislature and Governor Jim Justice have been effective tax cutters. In 2023, the Legislature passed a bill reducing the state’s five marginal tax rates by 21.25 percent.
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That law also put in place a formula whereby if certain financial benchmarks were met, the rates would continue to decline. The state hit the number for this past fiscal year, so rates are coming down another four percentage points starting in 2025.
The income tax cuts and other tax reductions since 2017 add up to nearly $1 billion in savings for West Virginia taxpayers. That is real progress toward reducing the tax burden.
