West Virginia MetroNews - A property tax amendment on state ballots this fall could lead to an effect of more than $500 million, an association of county officials has concluded. Read the full article. A working group representing county governments came up with that number. Jonathan Adler, the executive director of the West Virginia Association…
Tax and Budget
Bluefield Daily Telegraph - A renewed move is on to end the state equipment and inventory tax as well as personal property taxes, with lost revenue at the county level replaced by the state. Read the full article. Voters will see the issue on the ballot in November as the Property Tax Modernization Amendment. State…
Earlier this week, the West Virginia Legislature's Joint Committee on Finance heard from a West Virginia Association of Counties official about the significant potential fiscal impact of the Property Tax Modernization Amendment. If passed, the amendment – which will be on the ballot this November for voters to consider – would lead to the fulfillment…
During last month's legislative interim session, the Joint Standing Committee on Finance heard a presentation from John Deskins of the West Virginia University Bureau of Business and Economic Research regarding the elimination of the property tax on business machinery, equipment, and inventory, which will be the topic of a constitutional amendment on the ballot this…
Charleston Gazette-Mail - Right now, Congress has before it two major tax policy changes: One would give a tax break to wealthy tech and other corporations, while the other would help hundreds of thousands of West Virginia families and parents of kids across the country make ends meet during a time of rising prices. Read…
West Virginia's tax revenue collections made a fast turnaround after the initial decline in the early months of the pandemic recession. General Revenue collections fell from $4.756 billion in FY 2019 to $4.49 billion in FY 2020, before bouncing back to $4.988 billion in FY 2021. But while the state largely recouped its pandemic revenue…
People across the state cast ballots this week in West Virginia's Primary Election, choosing the candidates who will run in the General Election this fall. Beyond helping select our next federal, state, and local representatives, West Virginians also voted on renewing or enacting property tax levies. These levies provide critical revenue for local services in…
West Virginia MetroNews - Last year’s child tax credit expansion provided families with a revenue source for routine expenses and essential items as well as funding for emergencies and addressing debt, according to a recent report. Read the full article. The Brookings Institution’s Global Economy and Development program released a study detailing the effects of the expanded…
This coming Monday, West Virginia lawmakers will hold a special session to authorize a $600 million “revolving door” loan fund touted as a way to bring private investment and jobs to the state. Read the full op-ed. While Gov. Jim Justice celebrates it as a “self-sustaining” project, it requires a $600 million up-front commitment from…
With Tax Day approaching and West Virginians across the state filing their taxes, it's a good time to remember what our contributions pay for and why it is important that our tax system is fair, transparent, and provides adequate resources to fund the public services and investments that allow our communities to thrive. At the…