Saturday, December 31, 2011

Food Tax Set To Drop

  • {Charleston, West Virginia}...West Virginia has had a 3 percent food tax since 2008. Governor Earl Ray Tomblin worked with the Legislature to pass two separate bills this year to cut the tax, which currently brings in more than $75 million in general revenue each year. The rate  falls to 2 percent beginning January 1st. A bill signed into law in March established 1-percent cut, while a bill passed in August eliminates the tax by 2013.