WV Senate bill would eliminate business franchise tax

By Scott Finn 

State Senators have introduced a bill that would completely eliminate the business franchise tax. It was co-sponsored by 31 of the 34 members, sending a strong message that the Senate is serious about reducing business taxes. 

Meanwhile, other businesses can expect to pay more taxes next year when “combined reporting” goes into effect. The state Chamber of Commerce is raising doubts about combined reporting, but one Senator says it should survive the Legislative session with only minor changes.

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