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Academic experts to address West Virginia tax reform committee

CHARLESTON, WV (AP) – A legislative committee reviewing West Virginia’s tax code will hear from a panel of academic experts.

The panel is scheduled to address the Joint Select Committee on Tax Reform May 18 at the WV Capitol Complex.

Panel members include West Virginia University College of Business and Economics dean Jose V. “Zito” Sartarelli, WVU Bureau of Business and Economic Research director John Deskins, and Marshall University Center of Business and Economic Research director Jennifer Shand.

The agenda also includes an overview of state tax issues and trends and tax reform efforts in other states.
http://www.statejournal.com/story/29090568/academic-experts-to-address-west-virginia-tax-reform-committee

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WV lawmaker: Tax reform alone isn’t enough

CHARLESTON, W.Va. — After day-long testimony Monday from academics and experts from national organizations, a co-chairman of the legislative Select Committee on Tax Reform said reform ultimately may not mean big cuts or massive shifts in tax obligations.

“There’s a lot of reform we can address that may not seem large but can have impact on those it affects,” Senate Finance Chairman Mike Hall, R-Putnam, said after the second major session of the legislative interim committee on taxation.

He said it’s also clear that tax reform alone probably will not be enough to attract new business investment to the state.

“Tax policy may not be the only area we need to look at,” Hall said, adding, “It’s one factor but not the only one, without also looking at the regulatory environment, work force training, use of technology and other issues.”

Following a presentation by business and economics professors and Marshall and West Virginia universities, Hall asked why the recent elimination of the state’s business franchise tax and rollback of the corporate net income tax has not produced significant growth in the state economy. Read more

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Experts offer guidance on state tax reform

Charleston Daily Mail
5/18/2015
Craig Cunningham/Daily Mail Sen. Ryan Ferns, left, and Sen. Bob Williams, listen to a presentation about other state taxation failures and successes at a meeting of the Joint Select Committee on Tax Reform at the Statehouse. State lawmakers once again gathered at the Capitol on Monday to listen to experts who offered guidance as officials hope to move forward with a plan to reform West Virginia’s tax system. The Joint Select Committee on Tax Reform spent the majority of the day listening to tax experts, ranging from members of tax policy groups to representatives of the economics departments from the state’s two major colleges. “Improving our tax climate is not likely to be a silver bullet,” said John Deskins, director of West Virginia University’s Bureau of Business and Economic Research. Deskins told the 16-member panel that changes to the state’s tax code will not make it an economic powerhouse overnight. “But it will help our state grow,” he said. Stressing the three fundamentals of tax policy, which lawmakers learned when they last met were a tax code that is simple, efficient and fair, Deskins posed the question of whether the state’s tax system should primarily be composed of a reliance on income taxation or consumption taxation. “Fundamentally the difference here is the income tax taxes savings whereas savings is exempt from a sales tax or a consumption tax system,” he said. Read more

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Joint Select Committee on Tax Reform to Meet May 18 in Charleston

Huntington News.Net
5/15/2015
Joint Select Committee on Tax Reform to Meet May 18 in Charleston Email to a friend Printer friendly view Friday, May 15, 2015 – 01:24 Edited from a Press Release CHARLESTON – The Joint Select Committee on Tax Reform will meet at 9 a.m. May 18 in the House Government Organization Committee Room (Room 215-E) at the Capitol. The first session of the morning will be an academic panel on tax reform. Dr. Jose V. “Zito” Sartarelli, Dean of the College of Business and Economics at West Virginia University; Dr. John Deskins, Director of the Bureau of Business and Economic Research at WVU; and Dr. Jennifer Shand, Director of the Center of Business and Economic Research at Marshall University, are scheduled to speak to the Committee. Other sessions include: Overview of State Tax Issues with two representatives from the Tax Foundation – Joseph Henchman, Vice President of State Projects, and Jared Walczak, Policy Analyst Perspectives on West Virginia Tax Structure and Reform with Ferdinand S. Hogroian, Senior Tax and Legislative Counsel with the Counsel on State Taxation Trends and Tax Reform Efforts in Other States with Mandy Rafool, Fiscal Affairs Policy Staff with the National Conference of State Legislatures Meeting agendas and presentations are subject to change. Additional information will be posted to the website in the days before the meeting. Read more

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Lawmakers do tax reform – part II

Charleston Daily Mail
5/14/2015
Lawmakers do tax reform – part II May 14, 2015 by joelebert West Virginia’s tax reform classes will once again commence this coming Monday and the syllabus has been posted. With about five hours of presentations scheduled, lawmakers will hear from in-state and out-of-state experts. Here’s the lineup: 9 a.m. – Academic Panel on Tax Reform Speakers: Dr. Jose V. “Zito” Sartarelli, Dean, College of Business and Economics, WVU Dr. John Deskins, Director, Bureau Business and Economic Research, WVU Dr. Jennifer Shand, Director, Center of Business and Economic Research, Marshall University 10:30 a.m. – Overview of State Tax Issues Speakers: Joseph Henchman, Vice President of State Projects, Tax Foundation Jared Walczak, Policy Analyst, Tax Foundation Noon – Lunch 1 p.m. – Perspectives on West Virginia Tax Structure and Reform Speaker: Ferdinand S. Hogroian, Senior Tax & Legislative Counsel, Council on State Taxation 2:30 p.m. – Trends and Tax Reform Efforts in Other States Speaker: Mandy Rafool, Fiscal Affairs Policy Staff, National Conference of State Legislatures The state Department of Revenue has often cited studies and reports from the Tax Foundation so it is no surprise that they will be involved in the presentation. You can see their information on West Virginia here. Read more