CHARLESTON, WV – Gov. Jim Justice issued the following statement: “I am extremely happy that after weeks of negotiations with all parties we’ve been able to reach a deal with the House and Senate that will be the largest tax cut in West Virginia history,” Gov. Justice said. “This deal returns over $750 million to hardworking West Virginians Read More…
Tag: Tax cut
Gov. Justice says January revenue surplus continues to show opportunity for tax cuts is now
CHARLESTON, WV — Gov. Jim Justice announced today that West Virginia’s General Revenue collections for January 2023 are $162.2 million above estimates and 8.5% ahead of prior year receipts. Year-to-date record collections are $995 million above estimate. “Without any question in the world, our continued revenue surpluses prove that we can very safely and conservatively move forward Read More…
Gov. Justice cheers House passage of 50% personal income tax cut
CHARLESTON, WV – Gov. Jim Justice issued the following statement today after the West Virginia House of Delegates voted bipartisanly to pass his proposal to reduce the state’s personal income tax by 50%: “I thank Speaker Roger Hanshaw, Deputy Speaker Matthew Rohrbach, Majority Leader Eric Householder, Finance Chairman Vernon Criss, and members of the House of Delegates for voting overwhelmingly Read More…
Gov. Justice proposes huge personal income tax cut during 2023 State of the State
CHARLESTON, WV — Gov. Justice proposed the largest tax cut in West Virginia history during his 2023 State of the State Address on Wednesday evening. His proposal includes a 50% personal income tax reduction over three years while setting aside $700 million in reserve. The phase-out begins with a 30% reduction in June 2023, and another 10% Read More…
Gov. Justice cheers House passage of 10% permanent personal income tax cut
First personal income tax cut since 1987; largest single-year tax cut in state history CHARLESTON, WV – Gov. Jim Justice issued the following statement today after the West Virginia House of Delegates voted bipartisanly to pass his proposal to permanently reduce the state’s personal income tax by an aggregate of 10%: “I thank Speaker Roger Hanshaw, Finance Read More…
Gov. Justice proposes 10% personal income tax cut
Justice: “Cutting our personal income tax will put money in your pocket and bring prosperity to our state for generations. But we need to act now.”CHARLESTON, WV – Coming off the greatest year of revenue collections in state history, Gov. Jim Justice announced today that he is proposing a permanent 10% cut of the personal income tax. Read More…