WV Gov. Justice Revises Severance Tax Plan Rates Down

In February West Virginia Gov. Jim Justice announced a plan to eliminate the state’s personal income tax. In order to replace the $2.1 billion received annually from the personal income tax, Justice would raise other taxes, including a tiered system that raises the state’s oil and gas severance tax…potentially by a lot (see WV Gov. Floats Plan to Eliminate Income Tax, Raise Severance Tax). Justice faced opposition on a number of elements in his plan, not just the severance tax. Yesterday the governor assembled key lawmakers in one room to try and hammer out a compromise. So far it hasn't worked.

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