“The West Virginia Senate’s Finance Committee unveiled Monday a complicated and sweeping set of tax reforms. The proposed refiguration of the state’s tax code is somewhat of a game of musical chairs — with a few significant hurdles to overcome. Lawmakers in the GOP-led Senate are continuing their push to roll back the manufacturing machinery, equipment and inventory tax but, with a committee originating bill, they’re also tacking on a proposal that would eliminate taxes on retail inventory and automobiles. To make up the difference in revenue, lawmakers are proposing a hike on consumer sales, tobacco and e-cigarette taxes.”
ARTICLE LINK:
W.Va. Senate Finance Committee Unveils Proposed Reforms To Manufacturing, Property, Tobacco Taxes
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