CHARLESTON, WV (AP) – A bill to eliminate West Virginia personal income taxes on Social Security retirement benefits has been forwarded to the state House of Delegates.
The House finance committee advanced the bill Monday.
Gov. Jim Justice proposed the cut in his State of the State speech earlier this month.
If passed by the Republican-controlled Legislature, it would mean a $50 million reduction in revenue collected.
West Virginia is among 13 states that currently tax Social Security benefits. Surrounding states aren’t among them.
Deputy Revenue Secretary Mark Muchow has said most senior citizens in the state don’t pay taxes on Social Security income because they don’t make enough money.