14 Jun West Virginia Legislation Approves Tobacco Tax Increase
The West Virginia legislature has approved a tax increase on other tobacco products (OTP) as a means of reducing their substantial debt in the coming 2017 fiscal year. The budget proposal to increase taxes on OTP from seven to twelve percent was introduced by Governor Earl Ray Tomblin (D), and hotly debated by the legislature. Ultimately, the threat of a government shutdown pressured the House to pass the bill by a 63-35 vote. The Senate voted in favor of the tax increase by a 29-3 vote. The new tax rate will take effect when the next fiscal year begins on July 1, 2016.