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CHARLESTON — A day after the West Virginia House of Delegates passed its version of a bill to phase out personal income taxes in the state, the Senate Finance Committee on Tuesday introduced an amendment to House Bill 3300 to make it a tax cut on steroids. The amendment cuts $1.09 billion in income taxes initially, and then phases out the entire $2.1 billion annual revenue source in as little as four years.

The Senate plan offsets the income tax cuts with $932 million a year in other tax hikes, including raising the state sales tax from 6% to 8.5%; reimposing the sales tax on food; and legalizing and taxing recreational marijuana — contingent on federal decriminalization of cannabis.

Reach Phil Kabler at philk@hdmediallc.com, 304 348-1220 or follow @PhilKabler on Twitter.

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