Public News Service: Could Fast-Moving Tax-Cut Proposal Blow WV Budget?
ITEP Work in ActionHouse Bill 3137 would create a fund where new money, including out-of-state online sales taxes, would go. Then, each time that fund reached a certain level, it would trigger compounding cuts in state income taxes.
Ted Boettner, executive director of the West Virginia Center on Budget and Policy, said some lawmakers may not realize they could end up using one-time money to offset tax cuts that continue for years and build on top of each other.