WV BUSINESSES AND ITS CITIZENS
TO REBOUND, GROW AND PROSPER
THE PERSONAL INCOME TAX BILL IS NOT THE RIGHT PATH
State Leaders have proposed a bill to raise
over a half billion
in new taxes.
This is the largest tax increase in the history of West Virginia!
Sales Taxes will be increased as much as 31-percent.
WV will have the highest consumer sales tax in the nation at the rate of 7.9% (then add the 1% municipal tax) Higher than California, New York and surrounding states.
This increase could not happen at a worse time, businesses and families are struggling coming out of this devastating pandemic.
The taxes proposed will send an anti-business signal and give unfair advantage to out-of-state competitors.
A tax on advertising hinders public access to news and information. 40 states have considered and rejected the idea.
Businesses on the boarder will experience huge losses with this plan.
Business and families will be impacted by more than just one or two of these taxes. The combination will greatly add to their bottom line.
The proposal still leaves a funding gap of $152 million dollars.
Businesses will think twice before coming to WV or staying here with this tax hike.
THE PERSONAL INCOME TAX BILL:
THE WRONG CHOICE
FOR WV LAWMAKERS
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