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This week, state officials certified a 4 percent reduction to West Virginia’s personal income taxes, effective Jan. 1. The reduction was anticipated for weeks, but became official Thursday.
Continue Reading Take Me to More NewsWest Virginia took in more than $335 million last month, narrowly exceeding state estimates. The state also collected slightly more money last month than it did the July prior.
Continue Reading Take Me to More NewsGov. Jim Justice said Wednesday that personal income taxes in West Virginia will be reduced by 4 percent beginning in 2025. He said he will call a special session of the West Virginia Legislature this year to discuss further cuts.
Continue Reading Take Me to More NewsA trigger policy in a 2023 law could cut income taxes by up to 4 percent based on the revenue collected by the state this fiscal year, according to Gov. Jim Justice.
Continue Reading Take Me to More NewsDuring a virtual press briefing Tuesday, Justice indicated that he sees value in cutting income taxes further, and would be open to such changes even if the threshold for the 2023 trigger law is not met.
Continue Reading Take Me to More NewsWest Virginia collected roughly 16 percent less revenue last month than it did in May 2023. Still, this number exceeded state officials’ predictions by $63.7 million.
Continue Reading Take Me to More News
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