West Virginia
Justice's legislative agenda includes three more tax break proposals – WV MetroNews
Following on the heels of a big personal income tax cut, Gov. Jim Justice has proposed three more tax breaks.
West Virginia lawmakers will now need to make a calculation about whether the state can afford to embrace the proposals. The state’s 21.25 personal property tax cut is still taking effect, and a trigger to cut the tax even more is possible in the coming months.
The governor’s new proposals, outlined in his State of the State address, include changes to the state’s income tax on Social Security benefits, a credit for child and dependent care, and a senior citizen property tax credit.
“These tax cuts are about putting West Virginians first,” Justice stated last week.
“We’re continuing to make West Virginia a more affordable place to live, raise a family, and retire, and these proposals demonstrate my commitment to putting real money back in people’s wallets, helping families raise their kids, seniors stay in their homes, and everyone breathe a little easier. I encourage the Legislature to strongly consider these proposals.”
The administration estimated the three tax breaks combined add up to about $50 million.
Each of these proposals, if passed, would be retroactive to Jan. 1, 2024.
Social Security exemption:
A 2019 bill signed into law by the governor featured a three-year phase-in to exempt Social Security income from personal income taxes for most West Virginians, particularly those in lower tax brackets.
This proposal would exempt those in higher brackets from being taxed on Social Security benefits. The bill was introduced in the House of Delegates as HB 4880.
The Justice administration says 50,000 senior households would be affected.
Child and dependent care credit
The Justice administration proposes a credit equal to 50 percent of the allowable federal child and dependent care credit. This was introduced in the House of Delegates as HB 4879.
The administration says 16,000 West Virginia families could be eligible.
Senior citizen property tax credit
This would be for seniors with homestead property taxes and federal adjusted gross income below 200% of the federal poverty guideline.
The proposal would increase the maximum credit amount by 50%. It also would expand eligibility by 50% of the federal poverty guideline.
Concerns
These proposed tax breaks represent priorities that would naturally result in trade offs for state government, said Kelly Allen, executive director of the progressive West Virginia Center for Budget & Policy.
“Every dollar diverted to tax cuts is one we cannot use to pay for Republican-led priorities like supporting our first responders, investing in our underfunded public schools, and giving home health workers a raise after more than a decade,” Allen said.
“And to even consider additional tax cuts before we’ve had the chance to see the full budgetary impacts of last year’s changes on programs that serve seniors and families would be fiscally irresponsible, likely setting up the next governor and legislature for very difficult decisions.”
Advocacy for senior property credit
Delegate John Hardy, vice chairman of the House Finance Committee, has been pushing for the break for senior homeowners with homestead property taxes.
Hardy, R-Berkeley, said the upshot to the state would be $3 million to $5 million.
“This is a very targeted tax break for a very targeted part of our population,” he said in an interview on the House floor. “So although it would be very important to the people who would be receiving this tax refund, it’s not very burdensome to the state’s coffers.”
Hardy’s version of this bill is HB 4865.
Hardy said the proposal would expand on a policy put in place in 2007. Seniors who are eligible for a homestead exemption and who are eligible under the criteria can receive a refund on their real property taxes.
The current criteria is 125% of the poverty level. The latest proposal would be 200% of the poverty level.
“You could have lived in your home for 30 or 40 years, it could have been paid for for 25 years, and you don’t have a home mortgage but you’re living on a fixed income and your real property taxes have risen rapidly due to economic development and the cost of living rapidly rising — and you could in a position where your home taxes can be really burdensome,” Hardy said.
“So this is just the way the state can help some of our most vulnerable population stay in their homes.”
WHEELING, W.Va. — The West Virginia Medical Examiner’s Office in Charleston has confirmed the identity of the individual discovered in the Ohio River on Jan. 5 near the I-470 Bridge as 37-year-old George Zachary Lekanudos, of Wheeling.
Body found in Ohio River near I-470 bridge, cause of death unknown
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The Wheeling Police Department is continuing its investigation, and the cause and manner of death have not yet been determined.
Online casino revenue has never been higher in West Virginia.
That means plenty of customers are making deposits and playing games.
But, one of the keys to being among the top online casinos in West Virginia is having reliable and secure payout methods.
Online players need to know they will be able to receive their winnings in a timely and legal fashion. While iGaming platforms often promote their deposit methods, we’re taking a closer look at the available withdrawal options.
Top WV Online Casino Payout Methods
Options for withdrawing funds from a West Virginia online casino are a little more limited than deposit options.
Online casino operators are also slower to provide a withdrawal than a deposit, as they tend to review with payout to ensure the funds are going to the right person in a secured way.
Here’s a breakdown of the available withdrawal options for WV online casino players.
Online Banking
Online casinos typically use a company like Trustly to complete secure online banking transfers to make payouts.
This method will see the winnings deposited directly into the bank account that you provide.
Thousands of banks participate in these programs, so your bank is likely covered. Withdrawals can take 24 hours for online casinos to review, then 3-5 business days for your bank to process the funds.
eCheck/ACH
Most online casinos use VIP Preferred as a banking method option. This is a way to transfer funds through an electronic check that is done through ACH (Automated Clearing House). It’s the same option many companies use for making direct deposit payments to employees.
Electronic checks take 1-2 business days to be processed.
Debit Card
Debit cards are payment cards linked directly to your bank account. Most WV online casinos accept Visa and Mastercard from customers.
In many cases, the operator will require a user to make a deposit with the debit card before accepting any withdrawals being credited to the card. Payouts using a debit card will send the funds directly to your bank account.
Transactions using a debit card should appear in under 24 hours.
Apple Pay
Apple Pay is an option that is available. It is a virtual wallet that holds debit and credit cards for customers. It is a convenient option for iPhone users that use mobile online casino platforms.
Payouts using Apple Pay are typically reflected in under 24 hours.
PayPal
PayPal is a virtual wallet that users can attach their debit cards or bank accounts to.
Online casinos require customers to have a Personal or Premier PayPal account if they are looking to use it as a payout method.
Withdrawals using PayPal take 1-2 business days to appear in your account.
Venmo
Another virtual wallet option that is owned by PayPal, Venmo links a user’s bank account and banking cards.
Just one Venmo account is allowed per customer at a given WV online casino.
Venmo withdrawals take 1-2 business days to appear in your account.
Play+
Play+ is an account that customers fund and then use those funds for various things like online gaming or online gambling.
West Virginia iGamers can fund and make deposits to their Play+ account through online casinos. In order to get a payout with your Play+ account, you must first make a deposit using the same account.
Payouts using Play+ should appear in your account in 24-48 hours.
Cash at Casino
Some online casinos will work with their retail partners for deposit and withdrawals.
Users have the option to visit the participating the retail casino location, make a cash withdrawal from their online account based on the funds they have available.
For this option, customers will need to have a valid ID photo and a transaction ID number from the online casino.
Wire Transfer
A wire transfer moves funds electronically from one account to another. However, this method is typically used for large sums or international banking.
West Virginia online casinos require large minimums in order to make a withdrawal using this method. These minimums are thousands of dollars.
Wire transfers tend to take 1-2 business days to take effect.
Check by Mail
If no other options work for you, West Virginia online casinos in most cases are willing to send you a paper check with your winnings.
Most require a certain minimum amount in order to use this method. Checks can take up to 14 business days to reach a user once sent.
Drew Ellis has experience covering the gambling industries in North America and around the world. Decades of media experience provide him with the background to handle the complexities of different gambling laws and policies around the United States and North America. Ellis has primarily focused on online and retail casino news since 2021. Prior to working in the gambling industry, Ellis spent over 20 years in the newspaper industry, covering sports and the gambling. His work for The Mt. Pleasant Morning Sun and The Oakland Press was recognized with awards by the Associated Press and other media organizations. Drew has also contributed to the Detroit Free Press and the Associated Press.
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