Blog Posts > Sales Tax Cut Could Spend Revenue WV Doesn’t Have
January 21, 2022

Sales Tax Cut Could Spend Revenue WV Doesn’t Have

Charleston Gazette-Mail – West Virginia is one of many states set to use revenue surpluses brought by federal relief money for tax cuts. Read the full article.

After lawmakers last week near-unanimously approved $350 million in subsidies for the Mason County Nucor steel recycling plant project and further capital improvements, Democrats on Tuesday announced that they would support legislation to cut the state’s sales tax from 6% to 4.75%. No state Republicans have publicly lent support for the position.

Kelly Allen, executive director of the West Virginia Center on Budget & Policy, said lawmakers should use caution when using one-time revenue surpluses to enact permanent tax cuts. The Democrats’ proposal also would cut the amount further, to 4.5%, if the state’s Rainy Day Fund continues to swell and reach $1.1 billion, which Democrats said could happen later in the year.

Donate Today!
Icon with two hands to donate today.
Donate

Help Us Make West Virginia a Better Place to Live

Subscribe Today!
Icon to subscribe.
Subscribe

Follow Our Newsletter to Stay Up to Date on Our Progress

Thanks for reading our post 🙂

We have a great newsletter, join below:


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact