Taxes

Susan Walsh / AP Photo

In October, 2016, NPR, Ohio Valley ReSource and its partners reported that West Virginia billionaire coal baron Jim Justice, who was running for governor as a Democrat, owned companies that owed roughly $15 million in overdue taxes and mine safety fines.

Office of Gov. Jim Justice

Updated: August 6, 2018 at 6:40 p.m.

 

West Virginia Gov. Jim Justice said money his coal companies owe in West Virginia has been paid. At a Monday news conference, West Virginia revenue officials said the obligations from Justice’s companies had been paid, including fines and taxes.

Money, Cash
2bgr8 / Deviantart

Appalachian Power's plan to use federal tax cut savings to mainly offset program costs is being questioned by an agency that represents West Virginia ratepayers.

(left to right) Jerry Gilbert, Pres. of Marshall; Gordon Gee, Pres. of WVU; Kendra Boggess, Pres. of Concord; Michael Farrell, Commissioner with the WV Higher Education Policy Commission; and Gov. Jim Justice. During a press conference on July 2, 2018.
WV Governor's Office

West Virginia ended its 2018 fiscal year with a budget surplus of almost $30 million, according to Governor Jim Justice. Next, the governor said he’ll look to improving the state’s higher education system.

The governor said Monday in a press conference, 2012 was the last time West Virginia ended a year with a surplus without mid-year cuts.

Gov. Jim Justice during the State of the State Address in January 2018.
Perry Bennett / West Virginia Legislative Photography

Gov. Jim Justice and his revenue staff say West Virginia is heading toward a budget surplus as the state nears the end of the 2018 fiscal year.

The governor and his revenue staff announced May’s revenue collections were more than $20 million above estimates. The entire month saw nearly $330 million in total revenue collection.

Capitol
Kristi George / West Virginia Public Broadcasting

For the first time in five years, West Virginia revenue collections are reported to be above estimates at the fiscal year halfway mark.

State revenue officials say West Virginia’s overall cumulative collections in the General Revenue Fund are over $100 million ahead of where the state was this time last year. And the state is above estimates at the fiscal year halfway mark for the first time since December 2012.

Capitol
Kristi George / West Virginia Public Broadcasting

Appalachian Power Co. is asking for a reduced property tax assessment in West Virginia for the 2018 tax year, citing a combination of a mild summer and winter that has hurt business.

Thomas Johnson, of Appalachian Power's parent company, told the state Board of Public Works on Thursday, "The utility business tends to be a weather business."

Money, Cash
2bgr8 / Deviantart

West Virginia tax officials say collections of nearly $949 million so far this fiscal year are 3.7 percent or almost $34 million higher than the same period last year.

Treasury Secretary Dave Hardy says revenues from September alone were up 3.5 percent mainly due to increases in corporate net income tax as well as severance tax receipts from coal mining and natural gas drilling.

Money, Cash
2bgr8 / Deviantart

West Virginia tax officials say collections of nearly $560 million so far this fiscal year are 3.9 percent higher than last year, though August receipts of almost $307 million were lower than budget estimates.

Treasury Secretary Dave Hardy says the boost in collections is good news for the state two months into its new year.

Roads, Road, Highway, Turnpike
Seicer / Wikimedia Commons

West Virginia tax authorities report collections rose to $73.6 million for the state road fund in July, the first month of higher taxes and fees to support it, exceeding last year's collections by almost $16 million.

Underground Mine, Miners, Mining
Robert PEnergy / wikimedia commons

West Virginia's tax collections from coal and natural gas production in March topped $40 million, exceeding original budget estimates by $13 million and showing some recovery from last year.

State Revenue Secretary Dave Hardy says that gain was partly offset by corporate net income tax, consumer sales tax and business and occupation taxes that were more than $8 million below estimates altogether.

Tim Armstead, Eric Nelson
Perry Bennett / West Virginia Legislative Photography

Members in the House of Delegates have approved their budget bill for fiscal year 2018 – bringing $140 million additional dollars in revenue and making $75 million in cuts to government agencies. The House’s budget is largely based on revenue brought in under a Senate bill that was drastically changed by the chamber’s finance committee.

Eric Nelson
Perry Bennett / West Virginia Legislative Photography

The West Virginia House of Delegates has killed another revenue increasing bill – one that would’ve generated an estimated $215 million in three years.

Will Price / West Virginia Legislative Photography

West Virginia's Senate has voted to overhaul the state tax system by raising the state sales and use tax to 7 percent and applying it more broadly while cutting state income tax rates.

The bill pushed by the chamber's Republicans passed 22-12.

Pat McGeehan
Perry Bennett / West Virginia Legislative Photography

The West Virginia House of Delegates has killed a bill that leadership says was one of the keys to balancing the 2018 budget. The bill was presented on behalf of Governor Jim Justice and originally would have raised $450 million in new taxes but drastically changed as it worked through the committee process.

Perry Bennett / West Virginia Legislative Photography

Delegates in the House Finance committee met Saturday afternoon to hear yet another budget proposal from Republican leadership. Earlier this month, House and Senate leaders released their budget framework, but not a budget bill.

Perry Bennett / West Virginia Legislative Photography

Gov. Jim Justice has asked lawmakers to do a politically unpopular thing this state Legislative session -- raise taxes. But legislative leaders say they are still on the hunt for cuts to state government. Both the House and Senate Finance committees held meetings Thursday and heard from the Governor’s budget team, who attempted to convince lawmakers to see things the governor’s way.

Perry Bennett / West Virginia Legislative Photography

Governor Jim Justice’s State of the State address brought a mixed bag of reactions Wednesday night. And from the majority party, it wasn’t exactly a happy one.

A lot of things were different in Governor Justice’s State of the State address Wednesday. It could be said his speech was unique compared to past governors. For one, he gave his speech out on the floor instead of at the House Clerk’s desk. Two, he used a whiteboard to break down some of the proposals in his speech and even had some volunteers walk in to demonstrate a part of the presentation.

Perry Bennett / West Virginia Legislative Photography

The West Virginia House and Senate met for the first day of the 2017 regular state Legislative session Wednesday.

 

The first official day of the 83rd West Virginia Legislative session began as House Speaker Tim Armstead and Senate President Mitch Carmichael gaveled in Wednesday.

 

 


http://401kcalculator.org

West Virginia State Tax Department employees won't be able to prepare state tax returns for walk-in customers because of budgetary and staffing constraints.

Underground Mine, Miners, Mining
Robert PEnergy / wikimedia commons

Local government entities such as cities and public school systems could lose some tax funding after West Virginia officials decreased the tax rate for temporarily idled coal mining equipment.

Property Tax Division director Jeff Amburgey says the change affects mining equipment that's expected to start back up again. Lawmakers such as former senator Art Kirkendoll have said a lower tax rate may encourage companies to keep equipment in West Virginia mines.

Cash Money
Psychonaught / Wikimedia Commons

West Virginia tax authorities say the state collected $295.6 million in November and $1.53 billion for the first five months of the state's current fiscal year, both lower than budget estimates.

The Department of Revenue reports the shortfalls are $4.1 million for the month and $91.5 million for the five-month period.

Money, Cash
2bgr8 / Deviantart

The West Virginia State Tax Department will be closing three satellite offices and one regional office next month in an effort to save money in the face of budget cuts.

West Virginia State Capitol
davidwilson1949 / wikimedia Commons

  West Virginia’s Secretary of Revenue Bob Kiss says there were few surprises for the state when it comes to tax collections in March, but not a lot of good news.

March 2016 saw no growth in personal income tax or sales tax revenue collections compared to March 2015. Severance tax collections were also down close to 40 percent compared to the same month in the previous year.

Northern Panhandle Working Toward Economic Rebirth

Mar 9, 2016
West Virginia Morning
West Virginia Public Broadcasting

On this West Virginia Morning, we have an update on the drug test bill for recipients of Temporary Assistance for Needy Families, a report on the University of Charleston's pharmacy school's attempt to raise awareness of prescription medication not being taken as directed, and a potential economic rebirth for West Virginia's northern Panhandle.

Perry Bennett / West Virginia Legislative Photography

A House committee has removed a bill from its agenda that would increase Division of Motor Vehicle fees and some taxes to help fund road maintenance and construction projects.

Perry Bennett / West Virginia Legislative Photography

The House Finance Committee will continue debating a bill Tuesday morning that would increase Division of Motor Vehicle fees and some taxes to help fund road maintenance and construction projects.

The House Finance Committee began debating Senate Bill 555 Monday afternoon, but after an hour of discussion, Chairman Eric Nelson moved to lay the bill over until Tuesday morning.

Perry Bennett / West Virginia Legislative Photography

On the final day to approve bills in the chamber, Senators passed out Senate Bill 555. The bill adds a trigger to increase the state’s gasoline tax by 3 cents when the wholesale price of a gallon drops below $2, but also generates dollars for the state road fund through increased taxes and fees.

The bill made its first appearance in a House Finance Subcommittee Friday.

The Legislature Today
West Virginia Public Broadcasting

Senate Majority Leader Mitch Carmichael and House Majority Leader Daryl Cowles discuss the future of a bill approved in the Senate Wednesday that raises taxes and fees to fund infrastructure. The two also focus in on the difficulties lawmakers face in balancing the 2017 budget.

Perry Bennett / West Virginia Legislative Photography

Members of the House of Delegates have killed a bill that would have reduced the state’s consumer sales tax while removing exemptions for certain types of professional services.

Pages