Monday, July 1, 2013

West Virginia Eliminating Food Tax July 1st

CHARLESTON, W.Va. -- Trips to the grocery store in West Virginia are becoming easier on shoppers' budgets.

After years of phasing the food tax out; starting Monday, July 1, it will be eliminated.

"For too long West Virginians have been burdened by a regressive tax on one of life's basic necessities," Governor Earl Ray Tomblin said. "The elimination of the food tax allows families to keep more of their hard-earned money."

The phase-out was initiated in 2005 when the food tax was six percent.

It went down to three percent in 2008, and to one percent in 2012.

On July 1, families will have saved $162 million a year since the beginning of the phase-out.

The average family of four will save $52 a year due to the last one percent tax rate reduction.

The elimination does not apply to the purchase of prepared food, vending machine food or soft drinks.