West Virginia Public Broadcasting - More than three weeks after he championed the reduction of the personal income tax in his state of the state address, Gov. Jim Justice has unveiled details of the plan. Read the full article. Justice announced Thursday he has submitted a bill to the Legislature to consider. While the bill…
Charleston Gazette-Mail, Huntington Herald-Dispatch - Gov. Jim Justice on Thursday unveiled the long-awaited details of his proposal to cut the state personal income tax — a plan that would use more than $900 million a year in tax hikes to partially offset a $1.07 billion reduction in income tax revenue. Read the full article. Justice,…
It’s now been almost four months since Governor Justice announced that his top priority for the 2021 West Virginia legislative session would be eliminating the personal income tax. But despite the time elapsed, we’ve yet to see a plan put to paper. That’s likely because it’s really difficult to eliminate the state’s largest source of…
West Virginia MetroNews - Gov. Jim Justice says he likes some aspects of a new Senate tax plan and really dislikes several others: fewer business groups “pulling the rope,” the loss of rebate checks for lower-income residents and reinstitution of the food tax. Read the full article. And the governor wishes someone had taken just…
WCHS - The West Virginia Senate's version of the House's income tax reduction bill narrowly cleared committee Tuesday. Read the full article. It adds $800-900 million in tax increases, raising the sales tax to 8.5% and reestablishing a 2.5% food tax. "It could be a huge economic stimulus for our state, a huge spur of population growth…
With the elimination of the business personal property tax once again a top legislative priority, the first piece of the plan has been introduced in the legislature, with Senate Joint Resolution (SJR) 7. SJR 7 is identical to SJR 9, which failed to pass the legislature last year. SJR 7 starts the process for eliminating…
WOWK TV, Tax News Daily - West Virginia Governor Jim Justice held virtual a town hall Monday afternoon to discuss his proposal to repeal the state’s personal income tax. Read the full article. “Well I’ve outlined it a bunch of times and everything. We need our natural resources partners to help out just a little…
Mountain State Spotlight - Desperate to attract jobs, West Virginia lawmakers made drastic tax cuts. The result was declining investment in education — and stagnant job growth. Read the full article. That was more than a decade ago. Now, faced with the same problem, state lawmakers want to do it again. Amid a pandemic that has…
Times West Virginian - In fiscal year 2019, West Virginia’s state income tax brought in $2.09 billion to state coffers to fund nearly half of the state’s services needed to provide a decent quality of life in the Mountain State. Read the full article. Now, Gov. Jim Justice and the Republican supermajority are bent on…
At our 2021 Budget Breakfast on February 17, WVCBP senior policy analyst Sean O'Leary provided analysis of the Governor's proposed budget for Fiscal Year 2022. You can download Sean's budget analysis PowerPoint presentation here.
