CHARLESTON, W.Va. (AP) – Lawmakers are looking forward to doing work that doesn’t involve trying to dig West Virginia out of a deep financial hole.
House Speaker Tim Armstead said Friday at the annual Legislative Lookahead forum in Charleston that the state is at an “incredible advantage” compared with a year ago.
Through the first half of the fiscal year, general revenue fund collections are nearly $106 million ahead of last year.
Armstead says one focus of this year’s session, which starts next week, will be working toward eliminating a tax on manufacturers’ equipment and inventory.
Armstead calls the tax a “job killer.” But since most of the revenue from that goes to schools and counties, he says the tax could be phased out over several years rather than be eliminated all at once.