Route Fifty – Republican lawmakers in West Virginia are asking the state’s voters next Tuesday to pass property tax cuts for businesses they say could attract more companies to the state.
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The taxes on business property like machinery and inventory though are a significant source of funding for local governments in the state. And the proposal is alarming West Virginia county and local officials who say it would put about a third of their revenue in jeopardy.
“We just are very, very nervous about it,” Jonathan Adler, executive director of the West Virginia Association of Counties, said in an interview.