Corporate Net Income Tax Cut May Come 2 Years Early

From: The State Journal | Date: February 29, 2008| Author: Williams, Walt | Copyright information

CHARLESTON - A plan to reduce the corporate net income tax is moving forward but with the reduction of the tax coming a little sooner than what Gov. Joe Manchin had originally proposed.

The proposed tax cut is part of a bill requested by the Governor's Office that would clean up a law already in state code that would make West Virginia a combined reporting state fortax purposes by 2009. In its original form, it also would have reduced the corporate net income tax from its current rate ...

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