Senate Select Committee on Tax Reform

DOT Secretary Backs Billion Dollar Bond Initiative

Mar 20, 2017

On The Legislature Today, during his State of the State Address, Gov. Jim Justice presented lawmakers with two plans.

The first was a way to balance the 2018 budget. The second, was a plan to raise more than $1 billion for road construction in the state through a road bond. Since, Justice has been traveling the state promoting that bond plan, but lawmakers have taken little action.

Secretary of the Department of Transportation Tom Smith discusses the proposal and whether Justice has given up on the push for new road funding.

Will Price / West Virginia Legislative Photography

Members of the Senate Select Committee on Tax Reform have approved their bill to restructure the state's tax code. 

The committee substitute for Senate Bill 335 was passed out of the committee Monday morning, the first step in its process to completion.

Will Price / West Virginia Legislative Photography

Editor's Note: This bill was revised by the Senate Select Committee on Tax Reform Monday, March 13. The revisions are explained in a new story on this website. 

Over the weekend, members of the Senate’s Select Committee on Tax Reform were presented with the latest version of a bill to overhaul West Virginia’s tax structure.

This is the third version of the legislation the 7 member committee has seen, but they’ve yet to take a vote on the measure. That vote, however, expected to come Monday.

Senate's Tax Reform Bill Beginning to Take Shape

Feb 27, 2017
Will Price / West Virginia Legislative Photography

The Senate’s Select Committee on Tax Reform has started discussing the latest version of its bill to repeal West Virginia's personal income tax and replace it with an expanded consumption tax. 

The income tax provides nearly $2 billion in annual revenue for the state, but supporters of the provision say a broader sales tax on goods and services at a higher rate could replace that revenue, encouraging economic growth in the state. 

The committee discussed the bill for a second time Monday morning, but still have not been presented with a fiscal note detailing the shift of revenues.