W.Va. Tax Project Proposes Legislation

By: Associated Press
By: Associated Press

Charleston, W.Va. (AP) -- A group tasked with improving West Virginia's tax system has stopped short of calling for a change to the state constitution.

The tax modernization project work group decided Wednesday to hold off on recommending an amendment that would allow the legislature to reduce or eliminate property taxes on business inventory and equipment.

Members of the group say the property taxes are the most significant hurdle to business growth in West Virginia.

But they ultimately decided the amendment needs more study.

The group did make some recommendations, including ways to make applying for tax credits easier and methods to boost the number of taxpayers who file electronically.

The group may meet again to take up the constitutional amendment before the start of the legislative session.

(Copyright 2009 by the Associated Press. All rights reserved.)

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