WV food sales tax to be eliminated July 1 - WTRF 7 News Sports Weather - Wheeling Steubenville

WV food sales tax to be eliminated July 1

Posted: Updated:
  • GovernmentGovernmentMore>>

  • Getting schooled on the history of the American polling place

    Getting schooled on the history of the American polling place

    Sunday, November 20 2016 6:00 AM EST2016-11-20 11:00:14 GMT

    If you cast your ballot on Election Day, there’s a strong chance are you did it in a school or other public building. Schools and churches in the Mountain State are the most common locations for setting up polling places. And it’s been that way for a long time.

    If you cast your ballot on Election Day, there’s a strong chance are you did it in a school or other public building. Schools and churches in the Mountain State are the most common locations for setting up polling places. And it’s been that way for a long time.

  • Auditor’s post up for grabs in race without incumbent

    Auditor’s post up for grabs in race without incumbent

    Tuesday, November 8 2016 7:40 PM EST2016-11-09 00:40:26 GMT

    West Virginia voters will pick from among three candidates — Republican J.B. McCuskey, Democrat Mary Ann Claytor and Libertarian Brenton Ricketts — when they cast their ballots for the office of state auditor Nov. 8.

    West Virginia voters will pick from among three candidates — Republican J.B. McCuskey, Democrat Mary Ann Claytor and Libertarian Brenton Ricketts — when they cast their ballots for the office of state auditor Nov. 8.

  • WV Agriculture candidates tout experience

    WV Agriculture candidates tout experience

    Tuesday, November 8 2016 7:40 PM EST2016-11-09 00:40:13 GMT

    The West Virginia Department of Agriculture is responsible for monitoring and regulating meat and poultry production in the state, monitoring and protecting crops and aspects of the state’s food supply, training farmers, promoting agriculture and coming up with new agricultural programs for the state. 

    The West Virginia Department of Agriculture is responsible for monitoring and regulating meat and poultry production in the state, monitoring and protecting crops and aspects of the state’s food supply, training farmers, promoting agriculture and coming up with new agricultural programs for the state.

Come Monday, grocery store customers won't have to worry about paying an additional food sales tax.

That's because the tax will be eliminated effective July 1, Gov. Earl Ray Tomblin said in a news release.

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

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.

"Many hard-working West Virginians live within a budget, and in order to eliminate the food tax, West Virginia had to do the same. In balancing our own budget, the Rainy Day Fund reached 12.5 percent of the General Revenue Fund at the end of December 2012. By meeting this goal, we can take the final step to eliminate the food tax,"  Tomblin said.

During his time as Senate President, Tomblin and then-Gov. Manchin initiated the phase-out of the 6 percent food tax in 2005. The food tax has been steadily reduced, hitting 3 percent in 2008 and 1 percent last year. In 2011, Gov. Tomblin signed legislation that established a plan to eliminate the food tax by July 1, 2013.

"The elimination of the food tax is part of a larger effort to make the tax system fairer, efficient and balanced for both families and businesses," Acting State Tax Commissioner Mark Matkovich said. "Gov. Tomblin's actions have leveled the playing field for businesses in our border counties and given them a competitive advantage among our neighboring states."

The phase-out eliminates the sales and use tax on the purchase of food and food ingredients. The elimination does not apply to the purchase of prepared food, vending machine food or soft drinks.

For more information on the elimination of the food tax visit www.wvtax.gov.

Powered by Frankly