W.Va. Businesses Expected to Save Money Under New Tax Laws
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Posted: 1:35 PM Dec 31, 2008
W.Va. Businesses Expected to Save Money Under New Tax Laws
State Tax Commissioner Christopher Morris says the business franchise tax and the corporate net income tax rates are both being lowered under the changes.
Reporter: The Associated Press
Email Address: news@wsaz.com
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CHARLESTON, W.Va. (AP) - A bundle of new tax laws will take
effect in West Virginia in the new year, including some designed to
save businesses money and create jobs.

Some of the new rules bring West Virginia's regulations closer
into line with federal timetables, while others are designed to
help keep the state's business environment competitive.

State Tax Commissioner Christopher Morris says the business
franchise tax and the corporate net income tax rates are both being
lowered under the changes.

Businesses can also get tax credits for creating jobs that are
full-time, pay at least $32,000 and offer health benefits.

The new law offers credits of $3,000 per job, up to 10 jobs for
small businesses and up to 20 for larger employers.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Latest Comments

Posted by: Anonymous on Jan 2, 2009 at 04:11 PM

Just so everyone knows. I just started my taxes online and found out that "stimulus check" we all received last year is being taken off my takes ill be getting back this year! However these people who are on Social Security that got to go file even though they generally dont file taxes and they got a check back they got free money basically. Where will their money be deducted off of? I thought this stimulus check was to help us from the government? Nope this was our money from the beginning sorta like and advancement. We just helped the government stay afloat that is all! What a big bunch of BS
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  • Posted By: Jeannie: You think the Obama interview with Bret was something to see; you should check out Bret's last interview with then Pres. Bush. My, my, my! Kid gloves and softball questions. "Are you going to write a book?"; "What are you reading now?"; "Do you believe that there hasn’t been a terrorist attack on U.S. soil in more than seven years because of the policies your administration has implemented?"; "Do you worry at all that the incoming administration will undo some of the things that you say have kept America safe?"; "You think you're a Reagan conservative or a Barry Goldwater conservative?"; "Do you think that you have governed as a conservative?". Why didn't he ask him "Why didn't you do something to regulate Wall Street because the 8 years of hands off approach did not seem to work so well?"; or "Knowing what we know now about nonexistent WMD's in Iraq, would you still have called for an illegal invasion that has cost many more lives than 9/11, an event which Iraq had no culpability?"
  • Posted By: New Lows: How low will these heartless scum stoop Limbaugh,Beck and Malkin tearing apart a 11year old for telling the story of how his mother died because of having no health care.A 27yr old woman with a treatable disease that can cost as much as $100,000 a year bcomes sick and misses work gets fired doesn't qualify for medicaid and cant get on states low income care because of a 100,000 person waiting list and Palin wants to talk death panels seems as if they already exist.Now they want to cry foul because this kid wants to tell his story,they dont want people to know what is really going on the same way they lied about health care in other countries.The kid spoke at a rally for health care much like the way Palin paraded her downs child around on TV it was fine then because of a word but a life being lost makes it different, its a sob story when a democrat does it and the kid is being exploited at least this kid knows what he wants to say and remember his mother is not there to speak for him
  • Posted By: What would Jesus do???: Would he lie, cheat, and con to get His "healthcare" bill passed? Would he pay bribes, connive, resort to the most base thug tactics imaginable just to get his way? Would he turn into little better than a common criminal, lying, cheating, making backroom deals, far from the light of day, just to get his way? If Jesus had sworn to uphold a Constitution and it's laws, would he break them at will and break his oath? Would he steal from people who obey the bible and work to provide for their own, and waste it wantonly? Would he compare the lives of one 14 year old to 14 eighty five year olds, callously calculating which one has more value to the state and therefore gets access to "care?" Would Jesus be a party to any of this? Would Jesus say the life of an animal is worth more than that of a human being, made in the moral image of God Himself? I don't think Jesus is anywhere near this nest of cheating, lying, conniving frauds.
  • Posted By: A special thank you to Bret Baier: Did anyone see the interview with Obama the other day? This interview should be used in journalism classes to teach the "press" how to conduct an interview. Clearly, Obama has no earthly idea what is in the Obamanation health care bill. Finally, a reporter throws Dr. Chicago a high and tight slider and it turns into "uh uh uh uh well I um uh uh well duh..." Nice chin music Bret, keep up the good work.
  • Posted By: Jim: Walt I wonder why since we have not 1 single republican voting for health reform why we took the public option out.Why are we reaching out for,it is evident they want nothing to do with this or dont want to help.They made the comment this would be Obama's waterloo but then they say it has nothing to do with him,I think he worked the bill expertly to gain the fledging democrats and here in Ohio alone people have pledged over 300,000 hrs of volunteer support for other democrats in the upcoming election.The last polls I seen show the support swinging in favor for reform by the people
  • Posted By: Basic Econmics and health care, by Dr. Thomas Sowell: "The cost of medical care is not reduced in the slightest when the government imposes lower rates of pay for doctors or hospitals. There are still just as many resources required as before to build and equip a hospital or to train a medical student to become a doctor. Countries which IMPOSE lower prices on medical treatment have ended up with longer waiting lists to see doctors, less modern equipment in their hospitals and in the case of Britain, a substantial proportion of their doctors have come from third world countries with lower quality medical training, because of an INADEQUATE SUPPLY OF DOCTORS WILLING TO PRACTICE MEDICINE IN BRITAIN. Costs have not been lowered for the same medical care. Lower prices have been paid for LOWER QUALITY CARE." (p. 501) "Most new life-saving medicines are developed in market economies, notably that of THE UNITED STATES, rather than in government-run economies." (p. 521) Good enough Andy? There's your death panel, aka Obamacare.
  • Posted By: To hey channel 3: where did you hear that rubish Rush or Palin look the pubs had their chance and didnt take it If it raises tax so be it they may recover what BUSH gave to his buddies when he chose to cut taxes for the rich and one thing to remember you have to work to pay taxes so why are you crying.We could finance health care with the money wasted on this so called war on drug that Nixon started and Reagan,BushI,BushII extended to the tune of 10 billion so far this year and it looks as if that wasted money is really doing good doesn't it
  • Posted By: Maryellen: Just viewed Carrie's story on Flea control medication. My dog has experienced an adverse reaction to a flea control product. Pet owners assume products are safe. I learned the hard way that they aren't. I had to rush my dog to the Pet ER at 2AM after applying the liquid. The medication had entered her nervous system, causing her to lose muscle control. I now only purchased Vet approved flea control medication. The higher cost is worth the peace of mind. I am happy to hear the medication will be more closely regulated. To some of us, our pets are like our children.
  • Posted By: Keith...hey Andy: Andy, there will be death panels and rationing of care; it is so simple a child should be able to see this. What happens when you add 30 million people to a system, drive private insurers our of business, forcing everyone to go the government; the government has an abysmal track record of maintaining service and costs; at the same time you have no increase in doctors and nurses, in fact several polls have indicated some will leave the profession, as they should, if the government takes over; what results is a shortage. When there are shortages, i.e., high demand, low supply, someone must decide who gets scarce resources. Who is that? This bill gives Obama the right to select a panel to make those decisions; the folks he has surrounded himself with are some of the most radical, evil, demented people imaginable, folks who rank animal life above human; compare the life of one 14 year old to 14 85 year olds; this is the death panel. It is you who are ignorant and need to become informed.
  • Posted By: CLR: Christina I don't care at all about the issue that you are arguing. What I do care about is you getting on here and speaking bad of people who have to rely on government assistance. There are many good people who simply can't afford to live in this economy that need help. That doesn't make them bad people. You are need to come down off your pedestal because obviously you havent ever been through a REAL hard time in your life. Sometimes you do everything right and things can still go wrong, or you get sick, or the economy sucks. Until you've been there and needed the help, you should keep your mouth SHUT (or your fingers OFF the keyboard- whichever applies.) Let me ask you- if it comes down to you swallowing your pride or letting your kids starve or be sick without medical treatment- which one are YOU going to do? Let your kids starve and be sick just because you are a snob about needing some help? That makes you a great parent (please don't miss the sarcasm)
  • Posted By: I Agree with Christina: Wow, you summed that up really well. Poor babies who don't have a voice being born to these losers who don't have a clue. Don't smoke, drink or do drugs while you're pregnant!
  • Posted By: Yes, John: I know all that. And they are good points. But as a bartender, you should have provided other attractions, such as a band to keep customers coming instead of thinking you could get it reversed and rode that horse until it dropped. I have a nephew who is a bartender. He did not mind the smoke-did not think about how much it was hurting him. But he is an old man now at 30. People will rebel at first and may stay home. Hang in there and they will be back. They like the social climate of a good bar. It can be had without smoke. And I would rather see 8 girls temporary out of work if it reverses the trend of being "in" to smoke to being "a loser" if you do and 10,000 young people choose against it who may have picked up the habit. At least now smokers still can go outside. If they don't give up this fight, it WILL become illegal. Then where will you be? Did you not care that those 8 girls were smoking the smoke of every customer who lit up along with their own? Is money that important?
  • Posted By: Costa Rica Ron: Ok it is my hope that the health care bill does not go thru it is not that I really care whether you all have it or not but we do not I repeat do not want that fat headed Rush here and I wonder why he would want to come here we have socialized medical care here so whats up with that,maybe he holds shares in some health care providers or the drug companies in the US that would explain the reason he is so against it or maybe he would not get free pills if they have to quit cheating the public with their outlandish billing just a thought
  • Posted By: Jim: Andy,welcome to the club glad to see that not all people are misled by the lies that she spouts here's another little know fact just 3 years ago when she was trying to secure funding for Alaska she was one of the top pushers for the global warming group stating that the water levels were rising because of global warming and Alaska needed the funding to combat it worse than any other state but listen to her now no such thing.She is a total farce and to think people wanted her to run the country when she's already proven she cant even run her own home maybe if she had put her kid before herself or job she would not have ended up pregnant at the age of 15, family values are to be a conservative trait so with that reasoning maybe her daughter is a little liberal we know she gave liberties to one little boy
  • Posted By: John: Hey freedom,did you ever take into consideration that smoking bans do cost bar owners and in many cases the very people you are trying to save jobs for many times lose them anyway,they knew the dangers when they took the jobs they dont have to work there and many bartenders rely on tips to make a decent income they are not paid minimum wage so if there are no patrons that means no tips and an 8 hr shift would pay about $30 I ran a bar and when the smoking ban was passed it went belly up in a matter of 3 months and the bartenders went from a good night of $100-$150 to less than $30 to nothing at all it is not the bartenders who propose these bans and everyone I hired smoked themselves as did 90% of the patrons which were regulars and the other 10% could have cared less but the health dept with all their wisdom put these 8 girls out of work and on welfare which the tax payers have to foot the bill for
  • Posted By: Christina: To Dave, I absolutely do not support abortion! It's not the womans or anyones right to kill an unborn baby. Again you have the right to choose life or death, but what right does the baby have? If the baby is not wanted then give the baby up for adoption, but don't kill the baby. And to George. You missed the point. If someone wants to smoke, or drink, that is their choice. However, the babies did not have a choice to smoke or not. Your wife chose to continue smoking before she got pregnant and continued smoking even after finding out she was pregnant. If she would have stopped then, the baby's would not have been in danger of stress. But after being born, they had to go through withdrawl, just the same as an adult. Now to MK, I've worked hard my entire life, have never been on welfare, and never received any free health care for myself or my children. I have to pay for our health insurance at the rate of $724.38 a month. Which we work to provide!
  • Posted By: Freedom is not Free: Someone pays the price for it. Smokers are behaving like spoiled brats wanting their right to smoke in a bar. The bar owner may want to decide whether to be smoke/non smoke. But what of the workers? With jobs scarce, they may not have the option of moving out of a smoke environment. You want the right to go sit for a few hours an evening smoking while you drink. Then you can go home. But these workers have to be there, night after night, breathing the smoke from possibly a thousand cigs a night, whether they are smokers or not. Paying the price for your freedom. Some may not even stop to think about how that is harming them as they work. When will people understand that they are not the center of the universe? Take your smoking outside where it harms only you as you are the ones choosing it. Stop believing we have the right to force others to breathe it. It use to be the in thing to smoke, so many young people tried it. If they now see they will be isolated, many will not choose it.
  • Posted By: Walt: The latest NBC poll (that I've seen...Tuesday March 16) says that 46% think we should pass Obama's health care bill, against 45% who think we shouldn't.
  • Posted By: MK: Curt you are absolutely correct about the cigarette taxes. I guarantee Christina and the like are enjoying free heath care for their children (CHIPS) which is funded purely off of tobacco taxes. You see Obama has already raised taxes for the smokers for this little increase in CHIPS coverage. Note: Most smokers do not make 250K.
  • Posted By: Margaret: Smoking ban.I understand why people dont want to breathe second hand smoke and all the problems that smoking causes.However I dont think that the lawmakers have the right to ban smokers from smoking.It should be a personal decision,a great comprimise could be easily reached and would be fair to all.Let the bar owners decide if they want to allow smoking in thier bar.If the owner decides that they want to allow smoking they would be required by law to place a sign on the door that states is is a smoking establishment ,enter at your own risk.It would replace the no smoking signs on the doors!Then people could choose whether they want to enter and breathe smoke or go to another bar that is non-smoking.That would make everyone happy.The smokers can smoke and the non-smokers wont have to tolerate second hand smoke.
  • Posted By: Palins Poison by Andy: Sarah Palin is a nit wit who spreads lies on every topic she speaks on. She claimed that Alaska produces 20% of our nations energy when it's actually under 3%!!! This is her OWN state! This woman was a breath away from being our VP! She claimed that the Christmas Day bomber stopped talking after being read his Miranda rights, which of course is not true and he has talked extensively providing info on all the points that Mrs Palin mentioned. She claims several times that health care reform will result in "death panels" which will decide who will receive health care. Just about every American is aware that this is a LIE and has been proven to be a lie over and over and yet she still uses this claim to put fear into Americans. I ask, if you have to stoop to lies and fear mongering to get someone on your side do you really have a leg to stand on?
  • Posted By: why i quit...: i used to watch wsaz almost exclusivly,not anymore.i generally flip thru and watch whats on their liberal agenda just to see if i,m wrong.very seldom am.tea party people are thought of as the perverted hollywood types,if you know what i mean.so i for one will be surprised if wsaz covers the taxed enough already people.on the other hand if you dont,wont work,are a drug addict,alchol abuser,lazy,live off other peoples hard work,they cant do enough reporting on their victimization.go figure.go tea party,decent people.keep on trying to get above the people who seem determined to destroy this country.wsaz,p.c.
  • Posted By: buck: What good does it do to evaluate a bill once it is passed on its merits? Can you say puppet on a string? Furthermore a 3000% drop is nuts. Mathematician not needed to know 3000% is totally out of this world. What this means is Obama has no idea what is in the bill. Obama said this already and still it’s being voted on. I just hope our congressman realize Obama is being a puppet on a string, but they don't have to be one to. Our president is trying to pass a bill that he is relying on someone else to write and he has not even read. I know our congressman read this page so please pay attention to what we the people want, and what Pres. Obama has admitted to. Again I say, he said we as well as he would know what was in the bill once it passed on its own merits, to include a 3000% decrease in premiums. This is totally not fair to we the people. I know there will be people who disagree with this, but again I say that is Obama's own words. He has no idea.
  • Posted By: what is...: how can you tell an anti semite from a muslim?can free speech even say the word anti semite?this administration seems to want to inflame the palestians against the israelies.whats with that?you dont put out a fire by throwing gasoline on it!!!!what is the end game for this administration?strange....
  • Posted By: to... hey wsaz...: are you kidding,that wouldnt be fair to obama,all the elitest liberals.some people might see the truth and be sorry they votd fo these reprobates.the truth shall set you free is a statement ive heard all my life,but free speech will hurt the cause.marxism,socialism,communism,etc.rules for radicals,tell boobs anything they want to hear but keep on with the cause.
  • Posted By: Drunken Sailor: Did anybody see the report today that said Obama and the democrats have added 2 trillion to the debt since he took office? I thought he was supposed to lower the debt. I also saw an NBC poll that said Americans dont want a government takeover of the healthcare system by a 48-36% margin, a clear majority.
  • Posted By: curt: it just amazes me to see that most of you smoking ban commy,s out their like the health department and others would like to make smoking illegal all together,and when this does happen one day as Im sure it will if things keep going the way they are in this country,then I hope you enjoy digging deep down in your wallet and purse to pay the taxes that we smokers pay on a daily basis ,because one thing is for sure if big brother isnt getting his money from us then he will steal it from everybody?
  • Posted By: Hey Channel 3: Are you guys covering the Taxed Enough Already (TEA) party protest outside Rahall's office in Huntington tonight at 6? I heard today that Obamacare will create 159 new federal agencies and raise taxes by over a Trillion dollars.
  • Posted By: Jim: keith your welcome,but now on a more serious note on this health care bill I know it is going to need work and I wish there had been more input from the republicans because I know they could have come up with good points if they had tried and we really do need reform.some of the cost vary so much from place to place as I told Bluebird my wife recently had a stroke ou8r local in state hospital which is 50 miles away from our home will not even give the clot buster shot which saved her life and allowed for the fantastic recovery she has had the other hospital we took her to 30 miles away out of state does give it which I am greatful for but the place is not that great you enter you take a #just like a diner and they call your # now serving #41 and you are waited on this shot is $15000 there the same shot at OSU medical center in Columbus is in the $6000 range can you explain that to me or can anyone
  • Posted By: obamas world...: give the muslim brotherhood what they want,take israels land .instigating more terrorism on the israelies.what will he cover up in indonesia?so many questions so few transparent answers.
  • Posted By: Sahara: What happened to Chris Olson? We just loved to watch the Morning Coffee Quiz?
  • Posted By: portsmouth citizen: I would like to see WSAZ cover the nut mayor we have in Portsmouth. She is trying to blame our fire dept and police dept for the problems in Portsmouth, while she gives herself a raise and remodeled her office. She forgot to mention that there is asbestos and mold so bad in the police station that officers are in as much danger in the building as they are fighting crime. She also forgot to mention that the fire department works their tails off to protect our city, and do not make great money, but do it with amazing passion. Before she blames these men and women, she needs to take a look at herself. She interupted a man very rudely that was speaking in front of a group, and when he said, maam, can you give me just a minute, she yelled at him for not calling her Madam mayor!!! What a power trip! We need to get her out of there! Come on WSAZ, cover this nut, and get the word out there!
  • Posted By: Anne: FYI to a few callous veterinarians in the region: Our pets are very dear to us. Unfortunately, when their bodies cannot be saved, and they have to be "put to sleep", some kindness would be greatly appreciated. Some reverance, consideration for the pet and the people involved, and basic kindness would be helpful in dealing with this horrible experience. Shame on those of you who do none of the above; a huge thank you to those of you who act with some semblance of respect.
  • Posted By: Keith...thanks Jim: No offense, I just didn't know what you were trying to say. Clarification is good sometimes. I have noticed the people who call names the most on here and impugn other folks intelligence are often the worst spellers, can't put a sentence together, often can't carry a coherent thought to completion, etc..but I often say "corpseman" now when talking about those folks in the Navy, just as a tribute mind you, no disrespect intended. I am going to study geography now, my family is planning a vacation to one of our 57 states, we just haven't decided which one, we just have to remember and take our asthma "inhilators" along so we don't get winded.
  • Posted By: plain as day: well i see wsaz,obama news has slowed,stopped free speech 3 days.
  • Posted By: george: to christina:support the smoking ban in your own home and keep your nose out of others business!! how bright you must be,for your info my wife had twin girls,and the doctor told her NOT to quit because it would cause stress on the babies. thats from a doctor which im sure by far your not!!! so you want to chrg. her with child abuse,how foolish are you!! you need to worry about whats in your own closet and not everybody elses!!!!
  • Posted By: Jeremy C: I agree with Christina though I'd go a step further and clear this up once and for all and make cigarettes illegal.
  • Posted By: Dave: @christina do you support a womans right to abortion? Just a question, I am curious. The health department does not have the right to make any laws, only elected offficials, elected by the people are supposed to pass laws. If the majority of people want a smoking ban, the ban smoking. But don't leave up to appointed officials in the Dept. of health. smoking is bad, but smoking bans are unconstitutional, and that is worse.
  • Posted By: Big Earl: Hello good WV coal miners and there kin did any of you people see that show on the PBS channel the other night about WVs own Rocket Boys Homer RoyLee Quintin and Sherman Odell can somebody at Governor Joes office tell these people down to the TV station to quit bumming money while were trying to watch the show last time it was WVs own adopted son John Denver singing Country Roads Take Me Home got interupted or WV adopted son John Boy Walton doing the talk over on the history of WV show getting cutoff who is the people that sits around talking on the phone in the back of the room you are trying to watch the show next thing somebody comes on trying to sell you a Edsel or a 200 dollar t shirt it is the working coal miner what keeps the PBS station afloat they ought to give all certified WV coal miners free Rocket Boy tshirts.
  • Posted By: Christina: I support the ban on smoking. All studies show the dangers of this recreation. Now; when is someone going to be bold enough to create and pass a law that charges and convicts woman who smoke while pregnant of CHILD ABUSE? The baby does not have the choice to smoke or not to smoke, but YOU do!
  • Posted By: Hey Everybody We Are All Getting A BIG RAISE!!!: Obama said that if his health care bill passes costs would drop an incredible 3000%!!! That means your boss will save sooooo much money under his system he/she can afford to give you a big raise! Now if you pay $1000 dollars a month for your coverage, a 100% savings on that would mean you pay zero dollars; a 3000% drop in cost would mean what, your employer saves or gets back from somewhere around $3000 to $30,000 dollars? No, I am not making this up; I heard Obama say it. Great news. Why wouldnt anybody support Obamacare. Boy that Bush sure was dumb.
  • Posted By: Keith...if you love your country and cherish your freedom, act now...: The way things should be in America: Barack Obama decides something is good for us, it becomes law. Period. Vote on a bill? Why? Read a bill? No need. Televise the hearings? What a joke. Barack says it, that settles it. Oh, Garydon, where are you now that there are real "faceists" at work? Folks, it will be a long, difficult fight this fall, but Nick J. Rahall must be defeated in the House election. He has carried the water for Obama and Pelosi on this Obamanation healthcare bill from the start; he was one of the first to endorse Obama; he is largely protected by WV media, who refuse even to publish his office phone numbers in order that you can call and voice your opinion; Nick and Nancy's bill raises 10 new taxes immediately; gives no "benefits" for 4 years; will ration your care, will raise your premiums, will limit your choices. Sound like a good deal? If you possibly can, log onto the League of American Voters website and contribute to the ads they are running...hurry, do it now.
  • Posted By: Jim: Keith,mirrows an often mispelled and mispronounced word for mirrors,believed to be attributed by an abbreviated note from an illusionist to his aide to line mirrors in a row to cause an optical effect of seeing the same thing over and over again much like the republicans telling stories whether true or not over and over again only to recant after the damage is done.Myself I use the word as a tribute to a person we both know who often mispronounced the word matter of fact he mispronounced so many words and made up so many that there was a term coined after him Bushism's
  • Posted By: Big Earl: Hello good coal miner people of WV and there kin did you people see where the WV Mountaineer basketball team is going to what they call the Big Dance well I say congratulations I heard them people from over on the McCoy side of the river is to well I bet Coach Huggins won’t be dragging a tree hugger around everywhere with him sticking a camera in her face ever time they call timeout as his Number 1 fan I say pack the muzzle loader and go hunt treehugger wildcat did you people ever read that story where our own Devil Ance Hatfield off the WV side of the river hunted wildcat with his bare hands he treed a bear to I read it in that book Story of the Devil hey you hippies and dopeheads head back over to Ohio and cheer for your buckeye nuts look out Shaggy it’s the WV State Police ruh roh Scooby hide the dope.
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