West Virginia to Cut Taxes More After Hitting Revenue Target

West Virginia’s personal income taxes are set for further reduction after the state met its revenue collection targets for fiscal 2024, triggering provisions of a 2023 law that permits such cuts.

Outgoing Gov. Jim Justice (R), who is campaigning to succeed Joe Manchin in the US Senate, said state collections exceeded estimates by $826.6 million, enabling a personal income tax cut of “3% or 4%.”

The 2023 legislation enacted cuts of approximately 21.25% across all income brackets and provided rebates on vehicle taxes, as well as additional tax credits. It also enabled the state to automatically reduce personal ...