Gov. Justice made two more stops on his latest tour of West Virginia, hosting Tax Cut Towns Halls at the Bridgeport Conference Center and the Old Historic Courthouse in Martinsburg to discuss his proposal, eliminating 50% of the personal income tax.
ABOUT THE GOVERNOR’S PROPOSED TAX CUT
The Governor’s proposal includes a 50% personal income tax reduction over three years while setting aside $700 million to establish a Personal Income Tax Reserve Fund that almost equals our current Rainy Day Fund. This insurance policy protects against any shortfalls as we go forward.
The phase-out begins with a 30% reduction in 2023, and another 10% reduction in the following two years.