Tax Expenditure Study

Under West Virginia Code, a tax expenditure report must be submitted to the Legislature by January 15 of each year. In three-year cycles, these reports are intended to analyze tax expenditures for most major State Taxes.

Tax Expenditure, as defined by law, is a provision in the tax laws designed to encourage certain kinds of activities or to aid taxpayers in special circumstances. Such provisions generally include exclusions, exemptions, deductions, adjustments, credits and deferrals from tax.

• These studies are:
• Consumers Sales and Service Tax and Use Tax Expenditures
• Expenditures for Corporation Net Income Tax, Business Franchise Tax and Personal Income Tax
• Special Business Tax, Business Registration Tax, and Property Tax Expenditures