Tax and Budget

June 17, 2022 by WVCBP
State Eyes Ending Personal Property, Equipment and Inventory Taxes

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…

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June 15, 2022 by Sean O'Leary
Property Tax Amendment Could Cost Schools and Local Governments $515 Million, Take Control Away from Local Governments and Voters

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…

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June 8, 2022 by Sean O'Leary
Data Doesn’t Support Eliminating the Business Machinery, Equipment, and Inventory Property Tax

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…

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June 3, 2022 by Kelly Allen
Kelly Allen: Kids Shouldn’t Take Backseat to Special Interests (Opinion)

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…

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May 12, 2022 by Sean O'Leary
Proposed Property Tax Amendment Could Jeopardize Local Excess and Bond Levies

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…

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April 24, 2022 by WVCBP
New Study Details Impact of Expanded Child Tax Credit

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…

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April 20, 2022 by Sean O'Leary
Martinez, O’Leary: West Virginians Deserve More for Their Money (Opinion)

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…

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April 13, 2022 by Sean O'Leary
What is Tax Day For?

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…

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April 6, 2022 by Sean O'Leary
Tax Policy and the 2022 Legislative Session

When it comes to tax policy during the 2022 West Virginia legislative session, what is most notable is arguably what didn't become law rather than what did, as once again a bill seeking to eliminate the state's personal income tax failed to pass. However, a number of other tax bills did make it through the…

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