Gov. Justice Announces 4 Percent Personal Income Tax Cut Trigger, Marching West Virginia Closer to Eliminating Tax
July 12, 2024
July 12, 2024
CHARLESTON, West Virginia, July 12 -- Gov. Jim Justice, R-West Virginia, issued the following news release on July 11, 2024:
Gov. Jim Justice today announced that an additional 4% reduction in personal income tax rates will take effect on January 1, 2025.
The reduction was triggered after the state's revenue collections surpassed the rate of inflation, as stipulated in House Bill 2526 (https://www.wvlegislature.gov/Bill_Status/bills_history.cfm?INPUT=2526&year=2023& . . .
Gov. Jim Justice today announced that an additional 4% reduction in personal income tax rates will take effect on January 1, 2025.
The reduction was triggered after the state's revenue collections surpassed the rate of inflation, as stipulated in House Bill 2526 (https://www.wvlegislature.gov/Bill_Status/bills_history.cfm?INPUT=2526&year=2023& . . .