|
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 PressEmail Address: news@wsaz.com |
|
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
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
[ Report Abuse ]
|
Popular Searches Powered by Local.com |
- Ida kills 54 in El Salvador, heads for U.S. Gulf Coast
- Health care now moves to Senate
- Fort Hood investigators appeal for help
- Slain Ft. Hood civilian loved work, family
- Full list of 13 Fort Hood victims released
- Iraqi parliament passes key voting law
- Man attends his own funeral
- Greene: What we owe those who serve
- Ministers plan vigil, walk to death house
- At least 12 dead in Pakistan suicide blast
- Slain Fort Hood civilian loved work, family
- Fort Hood investigators appeal for help
- Deadly storm heads for U.S. Gulf Coast
- Unknown vets spared paupers' graves
- Ministers to hold Cleveland vigil, walk to death house
- Report: Recession boosts human trafficking
- Orlando shooting spree suspect caught
- Teen unemployment at record 27.6 percent
- Sotheby's $180 million take buoys hope for art market
- Yankees coach helps accident victim
- Pakistan suicide bombing kills 11
- UK honors fallen as Afghan death toll rises
- G-20: Bailout fund plan hits hurdles
- Dalai Lama visits region close to Tibet
- Man attends his own funeral
- U.S. House passes health care bill
- Madagascar rivals in power-sharing deal
- Saudis secure border after clashes
- MDs accused of stealing, selling babies
- Report: Iran will not ship uranium out of the country
- Fort Hood investigators appeal for help
- Military identifies all 13 Fort Hood victims
- Ministers to hold Cleveland prayer vigil, walk to death house
- Suspected Seattle cop killer called 'domestic terrorist'
- Suspect in Orlando office shooting held without bond
- Stolen 1965 VW van recovered after 35 years
- Students who clear wrongly convicted targeted
- Shoebox baby's mom called troubled
- Texas polygamist sect member guilty of sexual assault
- Family of teen set on fire gets apology
- Treating trauma victims may cause its own trauma
- Study: Holocaust survivors have higher cancer risk
- How to squash worry and grab more happiness
- House narrowly passes health care bill
- Respirator or face mask? Best shield still debated
- The artificial hand that can 'feel'
- Obesity linked to 100,000 cancer cases annually
- Study: Heart failure may worsen with statins
- House health care bill gets 2 major backers
- WHO: H1N1 is now world's dominant flu virus
- LIVE: Follow NFL Week 9 action with our scoreboard
- Texans vs. 7-0 Colts
- Sooners out, Stanford in latest AP Top 25
- Mickelson beats Tiger, Els in Shanghai
- Bears' Harris ejected for punch against Cardinals
- Federer loses to Djokovic in Swiss Indoors final
- Unbeaten Zenyatta rallies to win Breeders Cup
- Alabama beats LSU to move into SEC title game
- Fedor TKOs Rogers in second round
- Italy rips Williams-less U.S. team to win Fed Cup
- House Passes Health Care Reform; Bill Now Moves to Senate
- Missing 7-Year-Old Boy Found Safe
- BREAKING NEWS: Shooting Reported in Huntington
- UPDATE: Charleston Rock Radio Station Changes to Christmas Format
- Mother of Man Killed By Police Files Wrongful Death Suit
- Two Flown to Hospital After Car Crash
- Man Caught with 700 Xanax Pills
- Tri-State Stars Shine on Dance Floor
- Man Handcuffed to Stairwell Escapes
- WV Soldier Returns Home from Ft. Hood
- UPDATE: Boy Who Scares Away Car Thief Talks; Surveillance Video Released
118 Comments - House Passes Health Care Reform; Bill Now Moves to Senate
31 Comments - UPDATE: Charleston Rock Radio Station Changes to Christmas Format
30 Comments - Mother of Man Killed By Police Files Wrongful Death Suit
29 Comments - Hurricane Employees Receive Pay Checks; Special Meeting Set for Unpaid Bills
27 Comments - Winfield High School Teacher, Coach Injured in Car Accident
23 Comments
![]() |
| PHONE IN YOUR YELLS TO: 1-866-616-5354 |
![]() |
Full 2010 Olympic coverage from the WSAZ Olympic Zone. Coverage begins Friday, Feb. 12, at 7:30p with the Opening Ceremony on WSAZ |
![]() |
A glittering holiday show full of fun and surprises for the whole family! Children thrill as Santa takes them on a magical ride to his workshop. |
![]() |
Healthy Connections Find a local health professional |
![]() |
Mom4Moms A collection of resources here to help Moms weather the daily storms that come along with parenting. |
| SOMC Very good things are happening here |
|
| WV Lottery Nightly drawings and numbers |
|
| Big Sandy For all your furniture and appliance needs |
|
| Healthy Tri-State Tips to live a healthier lifestyle |





