WCBC - The largest income tax cut in state history was signed into law Tuesday afternoon by West Virginia Governor Jim Justice. House members OK'd the tax cuts Saturday after Senate suggestions. The House bill has a 21.25% decrease in personal income taxes, and includes a 100% credit on personal vehicle taxes. The Senate passed…
Tax and Budget
West Virginia MetroNews - Gov. Jim Justice celebrated a broad-based tax cut today, signing the bill at the state Culture Center while surrounded by supporters as balloons dropped all around them. Read the full article. State officials have estimated the overall financial impact of the tax bill is $695 million in fiscal 2024 and $817.8 million upon…
Associated Press, US News, WV News, Times West Virginian - West Virginia’s governor signed a bill Tuesday that returns more than $750 million to state residents, including a reduction in the personal income tax. Read the full article. Flanked by lawmakers and state officials, Gov. Jim Justice signed the bill after the House of Delegates…
WOWK, WBOY - Gov. Jim Justice (R-WV) signed the largest tax cut in West Virginia state history into law on Tuesday. Read the full article. Here’s how it will work: Right now, a person making $80,000 per year pays $5,200 in state income tax each year. By slashing income taxes by nearly a quarter, you…
West Virginia Record - Gov. Jim Justice has signed what is being called the largest tax cut in state history. Read the full article. Flanked by state Senate President Craig Blair and House Speaker Roger Hanshaw, Justice signed House Bill 2526 into law March 7 during a ceremony at the Culture Center on the state…
WTAP - Governor Jim Justice today signed into law what he calls the largest tax cut in West Virginia history. Read the full article. House Bill 2526 will reduce personal income tax for all West Virginians, provide property tax rebates for business owners and install trigger conditions for other tax cuts in the future that…
WCHS - Flanked by lawmakers, some of whom he had waged a war of words with over proposed tax reform, West Virginia Gov. Jim Justice signed the largest tax cut in state history that totals more than $750 million. Read the full article. “I sincerely thank Speaker (Roger) Hanshaw and (Senate) President (Craig) Blair –…
For Immediate Release: March 7, 2023 Contact: Renee Alves, (559)-916-5939 Charleston, WV – Rather than utilizing state revenues to create shared prosperity by investing in programs and services that benefit all West Virginians, HB 2526 enacts permanent tax cuts that undermine public investments and further rig our tax system for the wealthy. Nearly two out of every three dollars of…
WCHS, News Break - The largest income tax cut in state history is now headed to West Virginia Gov. Jim Justice for his consideration after it passed the House of Delegates, but a nonprofit group is questioning whether the state can foot the bill for these tax cuts. Read the full article. House members OK'd…
Center Square - The West Virginia House passed a record tax cut on over the weekend that will ultimately have an $817.8 million annual impact, according to a fiscal note on the bill. Read the full article. The bill, which passed the West Virginia Senate a week before, also includes a rebate on the state’s ad valorem…