WV food sales tax to be eliminated July 1 - Beckley, Bluefield & Lewisburg News, Weather, Sports

WV food sales tax to be eliminated July 1

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • Arrest made in Summers County robberies

    Arrest made in Summers County robberies

    Monday, September 1 2014 1:38 AM EDT2014-09-01 05:38:18 GMT
    Two homes and two businesses in Summers county were taken by surprise early Sunday morning.
    Two homes and two businesses in Summers county were taken by surprise early Sunday morning.
  • Crews are searching for three missing juveniles

    Crews are searching for three missing juveniles

    Sunday, August 31 2014 11:39 PM EDT2014-09-01 03:39:47 GMT
    Three juveniles are missing in Fayette CountyThree juveniles are missing in Fayette County
    Crews in Fayette County are searching for three missing juveniles.Dispatchers say a call came in around 9:30 p.m. Sunday.Police are looking in the area of Cunard Road, which is between Fayetteville and Oak Hill.The Fayette County Sheriffs Department, West Virginia State Police, Jan Care Ambulance, Parks Services, and the Fayetteville Fire Department are all on hand searching the area.The kids were last seen around 2 p.m. Sunday afternoon.If you have any information about these kids whereabout...
    Crews in Fayette County are searching for three missing juveniles.Dispatchers say a call came in around 9:30 p.m. Sunday.Police are looking in the area of Cunard Road, which is between Fayetteville and Oak Hill.The Fayette County Sheriffs Department, West Virginia State Police, Jan Care Ambulance, Parks Services, and the Fayetteville Fire Department are all on hand searching the area.The kids were last seen around 2 p.m. Sunday afternoon.If you have any information about these kids whereabout...
  • Man Arrested in Raleigh County for 1st Degree Murder

    Man Arrested in Raleigh County for 1st Degree Murder

    Sunday, August 31 2014 6:48 PM EDT2014-08-31 22:48:55 GMT
    Joe Collins is arrested on murder chargesJoe Collins is arrested on murder charges
    The Raleigh County Sheriffs Office made an arrest Sunday after a man was murdered in Glen White.Joe Collins was arrested and is being charged with 1st degree murder for the shooting and killing of Larry Totten.The incident occurred Sunday morning at Mr. Tottens residence.
    The Raleigh County Sheriffs Office made an arrest Sunday after a man was murdered in Glen White.Joe Collins was arrested and is being charged with 1st degree murder for the shooting and killing of Larry Totten.The incident occurred Sunday morning at Mr. Tottens residence.

Come Monday, grocery store customers won't have to worry about paying an additional food sales tax.

That's because the tax will be eliminated effective July 1, Gov. Earl Ray Tomblin said in a news release.

"For too long West Virginians have been burdened by a regressive tax on one of life's basic necessities," Tomblin said. "The elimination of the food tax allows families to keep more of their hard-earned money."

On July 1, families will have saved $162 million a year since the beginning of the phase-out. The average family of four will save $52 a year due to the last one percent tax rate reduction.

"Many hard-working West Virginians live within a budget, and in order to eliminate the food tax, West Virginia had to do the same. In balancing our own budget, the Rainy Day Fund reached 12.5 percent of the General Revenue Fund at the end of December 2012. By meeting this goal, we can take the final step to eliminate the food tax,"  Tomblin said.

During his time as Senate President, Tomblin and then-Gov. Manchin initiated the phase-out of the 6 percent food tax in 2005. The food tax has been steadily reduced, hitting 3 percent in 2008 and 1 percent last year. In 2011, Gov. Tomblin signed legislation that established a plan to eliminate the food tax by July 1, 2013.

"The elimination of the food tax is part of a larger effort to make the tax system fairer, efficient and balanced for both families and businesses," Acting State Tax Commissioner Mark Matkovich said. "Gov. Tomblin's actions have leveled the playing field for businesses in our border counties and given them a competitive advantage among our neighboring states."

The phase-out eliminates the sales and use tax on the purchase of food and food ingredients. The elimination does not apply to the purchase of prepared food, vending machine food or soft drinks.

For more information on the elimination of the food tax visit www.wvtax.gov.