Personal Taxes

West Virginia Home Passes Revenue Tax Discount Invoice

CHARLESTON, W.Va. (AP) – The West Virginia House of Representatives has passed its version of a bill aimed at abolishing state income tax.

The House passed the bill on Monday by 77 votes to 23. It’s going to the Senate now.

The House version would cut state income taxes by $ 150 million annually until eliminated.

The bill does not take into account other tax increases to offset the cuts.

Under the bill, a special fund would be set up to develop other government sources of income, including lottery proceeds.

Governor Jim Justice launched his version of the Income Tax Abolition, which would raise the consumer sales tax rate from 6% to 7.9%.

Related Articles