West Virginia MetroNews - Delegates took up and then passed a multi-faceted tax cut bill late in a Saturday session, reaching legislative consensus on an issue that has roiled this regular session. Read the full article. “This is lowering the tax burden for the people of West Virginia,” said Delegate Marty Gearheart, R-Mercer. Delegates passed…
Tax and Budget
For Immediate Release: March 4, 2023 Contact: Kelly Allen, 304-612-4180 Charleston, WV – This week in the West Virginia Legislature reflects politics at its worst. Delegates are being pressured to vote to increase health insurance costs for PEIA members in exchange for a pay raise and a tax cut package. But this isn’t a fair trade at all. The tax…
Charleston Gazette-Mail - When I heard that the state Senate rushed through yet another personal income tax cut proposal, it made me feel like I’m living in a very unfunny version of the movie "Groundhog Day." Read the full op-ed. For those of us not experiencing much of what Gov. Jim Justice has called a…
Center Square - West Virginia collected $407 million in taxes and fees in February, more than $110 million ahead of the budgeted estimate for the month. Read the full article. That puts the state $1.1 billion ahead of the budgeted estimates for the fiscal year through nine months. The $4.1 billion in total collections for the fiscal…
The start of a new month always brings with it new economic data. In addition to new revenue numbers and natural gas price data, Governor Justice also revised his FY 2024 revenue estimates upward with little explanation. All told, what we saw this week should give lawmakers pause as they consider making large, permanent tax…
Mountain State Spotlight, My Buckhannon - Yesterday was Crossover Day, a key legislative deadline. This is the day when the full universe of bills introduced during the session — 2,316, to be exact — is whittled down. For the most part, bills that didn’t clear their chamber of origin (the House or the Senate) by…
WOWK - A big tax cut for many West Virginia workers is a step closer to reality, but there is still one big hurdle to pass. With just 12 days left in this legislative session, there is some urgency to get it done. Read the full article. The fate of a bill to cut income…
The Center Square - West Virginia’s Senate passed an income tax cut compromise over the weekend that will now head to the House of Delegates. Read the full article. Gov. Jim Justice termed the 21% income tax cut as a compromise that returns $750 to taxpayers with a car tax rebate, 50% property tax rebate…
Mountain State Spotlight - After weeks of little public action on taxes, the Legislature’s newly announced tax compromise is now barreling forward as the end of the session approaches. Read the full article. The deal cleared a major hurdle on Saturday as the Senate, after suspending constitutional rules, introduced and passed a plan that would cut West…
West Virginia MetroNews - Senators introduced and passed a compromise version of a tax cut bill, spotlighted by a personal income tax cut of a little more than 21 percent. Read the full article. The Senate Finance Committee introduced the concept and approved the bill at a Saturday afternoon committee meeting that lasted only a few minutes.…