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TaxCredits.net via Flickr
The Senate passed a bill Monday that could reduce personal income taxes by 2 percent.
In his original call to bring the state legislature into session, Gov. Jim Justice proposed a 5 percent tax cut. After that bill stalled in both chambers he proposed a 2 percent income tax cut on Monday.
The Senate took up the bill, suspended constitutional rules that require the bill be read on three days, and passed the bill. It passed unanimously.
The bill would cost the state an estimated $44 millions. The 5 percent tax cut was expected to cost the state more than $110 million.
If this bill passes the House of Delegates, the state personal income tax will have been reduced over all by about 27 percent.
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Prices at fuel pumps have surged since the United States went to war with Iran. But the Middle East conflict is also having major impacts on international shipping and supply chains. Those issues are taking a major toll on Appalachian corn farmers.
Continue Reading Take Me to More NewsIn an effort to attract more horse racing competitors this year to West Virginia, the state Legislature increased the funding cap to $2 million for certain races – and neighboring states are taking similar action. When Golden Tempo won the Kentucky Derby on Saturday, his owner, trainer and jockey won an estimated $3.1 million winning purse. For the Appalachia + Mid-South Newsroom, Justin Hicks reports much of that growth can be attributed to increased gambling on historical horse racing games.
Continue Reading Take Me to More NewsRevenue is up in almost every category of state collections for the month of April.
Continue Reading Take Me to More NewsU.S. Sen. Shelley Moore Capito said Thursday that Pres. Donald Trump is working to bring gas prices down but won't compromise on his efforts to end Iran's nuclear ambitions.
Continue Reading Take Me to More News
