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July is often one of the slowest months for revenue collection, according to a press release from Gov. Jim Justice’s office, but general revenue collections were almost $8 million higher than expected. Total collections were $335 million.
Continue Reading Take Me to More NewsThe state advises that taxpayers pay the half year amount in 2023 to be eligible for the credit on the second half payment next year.
Continue Reading Take Me to More NewsThe release noted that at the close of the fiscal year, June 30, 2023, at midnight, total collections for the revenue year will come in at approximately $6.5 billion – 10 percent ahead of prior year adjusted collections – marking the first time in state history that final collections for a single year have exceeded $6 billion.
Continue Reading Take Me to More NewsRevenue Secretary Dave Hardy said executive branch revenue estimate settings are ingrained in constitutional code.
Continue Reading Take Me to More NewsConsumers are being warned to be cautious and to protect personal information when preparing and filing their taxes.
Continue Reading Take Me to More NewsThe signing of the bill comes just days after the House approved House Bill 2526, agreeing with the Senate’s proposals to reduce the personal income tax. HB 2526 represents a $754 million cut in taxes.
Continue Reading Take Me to More News
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