Mountain State Spotlight, Beckley Register-Herald, Yahoo News – While there are four proposed amendments to the West Virginia constitution on voters’ ballots this year, one in particular has dominated state politics for months: Amendment Two, also known as the “Property Tax Modernization Amendment.”
Read the full article.
Public disagreements between Republican leaders in the state Legislature (who support the amendment) and the governor (who no longer does) have become commonplace, with both sides accusing the other of lying and misleading the public over the issue. Local officials are worried that counties will lose a key source of revenue if the measure passes, and advocacy groups are sounding the alarm that the measure opens the door to tax reforms that they say could hurt the state in the long run.
The question is if legislators should have the power to change or entirely eliminate some tangible personal property taxes, which include taxes on business inventory, machinery, and personal vehicles. And if voters decide the answer is “no,” what tax changes should lawmakers push, if any?
We have a great newsletter, join below: