Reduce food tax, property tax, and poverty-level income tax
We hope to do the following:
continue responsible reduction of the Food Tax from 6% down to 3%
create a Low-Income Family Tax Credit that removes disincentive to work by eliminating WV Personal Income Tax on families with incomes below the
federal poverty level
increase the Refundable Property Tax Credit for Seniors
reduce the Business Franchise & Corporate Net Income Tax rates
create a Contractors’ Sales Tax Exemption for purchases used directly by Manufacturing Facilities.
Source: Press release, www.wvgov.org, “Tax Modernization”
Nov 3, 2006
