West Virginia MetroNews, Toys Matrix – Proposals to cut West Virginia’s personal income tax dominated last year’s regular legislative session, but no one could exactly agree on how to structure the cut. Read the full article.
House Finance Chairman Eric Householder, R-Berkeley, is giving the income tax cut another try. He is the lead sponsor of House Bill 4007, which would prompt an initial 10 percent cut for each bracket while also establishing a savings fund for possible future cuts.
That’s a bit different from what Gov. Jim Justice proposed last year, which was a more dramatic elimination of the personal income tax offset by proposed offsetting increases of other areas such as the sales tax. Delegates voted down that proposal near the end of last year’s regular legislative session.
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