Phasing out corporate net income tax over 4 years in West Virginia.

West Virginia SB735 proposes to phase out the corporate net income tax over four years. The bill reduces the tax rate by 25% each year starting from tax year 2027, culminating in a complete elimination of the tax by tax year 2030. This gradual reduction aims to provide relief to corporations operating within the state.

Phasing out corporate net income tax over 4 years in West Virginia.

West Virginia SB735 proposes to phase out the corporate net income tax over four years. The bill reduces the tax rate by 25% each year starting from tax year 2027, culminating in a complete elimination of the tax by tax year 2030. This gradual reduction aims to provide relief to corporations operating within the state.