February 19, 2020

West Virginia Center on Budget & Policy: Senate Tax Plan a Bad Deal for West Virginia

ITEP Work in Action

Senate Republicans unveiled their latest proposal to eliminate the business personal property tax this week, passing the proposal out of the Senate Finance Committee. The plan, which builds upon an earlier proposal to eliminate the property tax on manufacturing equipment, machinery, and inventory, would blow a nearly $100 million hole in the state budget, introduce inconsistency in the property tax system, and make West Virginia’s upside down tax system even more regressive.

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