CHARLESTON, WV (WVNS) – Governor Jim Justice (R-WV) held a series of Town Hall Meetings on Income Tax Elimination (PIT) in West Virginia. He presented the bill to the legislature on Thursday, March 4th, 2021.
In a press release Thursday morning, the governor said West Virginia was the only state to have seen its population decline over the past 70 years. In fact, the population fell by 8 percent during that time. In the last 10 years alone, there has been a decrease of 3.8 percent.
“We may never have such an opportunity again,” said Governor Justice. “Because of the way we handled the COVID-19 pandemic – how we saved lives, had the best vaccination program in the country, and kept our economy moving – West Virginia is currently in the spotlight of the world. This is the time to take our opportunity! “
The proposal envisages a 60 percent reduction in state income tax in the first year. All income brackets less than $ 35,000 per year will receive a tax refund check if the bill is passed.
Information provided by the West Virginia governor’s offices would be the first Central Atlantic or Northeast state to eliminate state income tax.
“To really do this work, we all need to pull the rope together as Western Virgins,” said Governor Justice.
To that end, the governor’s bill would increase sales tax from 6 percent to 7.9 percent. Sales tax is expanded to include computers, software, legal services, accounting services, select advertising, electronic computing, and health and fitness memberships. There will also be a single item luxury tax on items the governor has stated: “Only the very rich usually buy.”
Read the full Income Tax Elimination (PIT) Plan in WV
Another virtual town hall is planned for Thursday at 5.30 p.m. This is streamed on wvnstv.com and 59News Facebook page.