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The West Virginia municipal B&O tax is a gross receipts tax, with no deductions whatsoever allowed. Rates vary according to the type of business, and differ from city to city. [8] For example: The state capital, Charleston, divides businesses into 14 categories for purposes of B&O taxation. Rates ranging from $0.15 per $100 gross receipts for ...
The city council approved the tax, known as a B&O tax, in a 6–1 December vote. Former council member and Hot Shots Java owner David Musgrove, who retired in February, was the only "nay" vote on ...
To improve West Virginia's budget situation, he has proposed raising the state's revenue by $450 million, primarily by increasing the consumer sales tax, reinstituting the business and occupation (B & O) tax, and establishing a "rich man's" tax. [42] He also opposed plans to cut health and education spending. [43]
The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...
West Virginia coal exports declined 40% in 2013—a loss of $2.9 billion and overall total exports declined 26%. [137] West Virginia ranked last in the Gallup Economic Index for the fourth year running. West Virginia's score was −44, or a full 17 points lower than the average of −27 for the other states in the bottom ten. [138]
Virginia: March 26, 2011: ... West Virginia: March 31, 2014: July 1, 2014: SB 202: ... Benefit corporations are treated like all other corporations for tax purposes.
Virginia 6% $0 Washington [c] None None West Virginia 8.5% $0 Wisconsin 7.9% 0 Wyoming None None District of Columbia 9.975% $0 Notes: The rates above are for regular corporate taxes based on income (including those called franchise taxes) and exclude the effect of alternative taxes and minimum taxes.
An Appalachian New Deal: West Virginia in the Great Depression (West Virginia University Press, 1998) 316 pp. ISBN 978-1-933202-51-8; Trotter Jr., Joe William. Coal, Class, and Color: Blacks in Southern West Virginia, 1915–32 (1990) William, John Alexander. West Virginia and the Captains of Industry (1976), economic history of late 19th century.