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WEST VIRGINIA LEGISLATIVE NEWS
from Eyewitness News Online W.Va. senators nix county say for biz tax break March 12, 2010 4:28 PM CHARLESTON, W.Va. Counties would no longer decide whether to exempt certain business property from taxes after the Senate Finance Committee amended a proposed constitutional amendment on the issue. Gov. Joe Manchin wants to ask state voters to lift restrictions on property tax policy. With guidelines set by the Legislature, Manchin proposed that counties would then decide whether to exempt at least some new business inventory and equipment. But at the request of Sen. Karen Facemyer, Senate Finance voted Friday to apply any changes statewide. The Jackson County Republican argued that the measure would otherwise pit county against county. Critics remain concerned about the potential revenue loss for counties. The measure advances to the full Senate. The session ends Saturday. |
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