Concerns arise over how tax plan would affect West Virginia businesses By
March 10, 2021 - 7:36 pm
Gov. Jim Justice holds up a chart illustrating a goal for West Virginia. (Perry Bennett/West Virginia Legislative Photography)
Concerns are emerging about how Gov. Jim Justice’s tax plan might affect West Virginia businesses.
Those worries have arisen in speeches at the state Legislature and in analysis by tax experts who monitor changes at the state level. One analyst predicted West Virginia’s tax proposal could increase taxes on business up to $330 million.
Delegate Jason Barrett, R-Berkeley, spoke on the House floor to say he supports a phase-out of the income tax. But he worried that what the governor proposes instead is out of balance.
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Maryland recently became the first state to pass a digital advertising services tax, but analysts are waiting to see what courts think of the law before hitting the panic button.
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