Coming off the greatest year of revenue collections in state history, Gov. Justice announced Wednesday that he is proposing a permanent 10% cut of the personal income tax. Under the Governor’s proposal, the 10% tax cut will be retroactive to the beginning of the 2022 calendar year, putting $250 million back in the pockets of West Virginians.
The Governor announced that he will call a Special Session of the West Virginia Legislature to coincide with this month’s interim meetings on July 24-26 to allow legislators to vote on his proposal. |