Blog Posts > West Virginia Beats Tax Collection Estimates by $827M
July 2, 2024

West Virginia Beats Tax Collection Estimates by $827M

Center Square – West Virginia announced it beat revenue estimates by nearly $827 million for the fiscal year, meaning the state will now implement a 3% or 4% personal income tax cut.

Read the full article.

The tax cut is part is an automatic trigger from House Bill 2526, signed into law in 2023.

“When I first took office, I promised you all a rocket ship ride, and look at us now,” Justice said. “We’ve cut over a billion dollars in taxes, and it’s truly unbelievable. This is exactly what a responsible government should do for its people, especially in a state like ours. When the state does well, the people do well.”

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