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Small Business Tax Relief Act
Summary
The Small Business Tax Relief Act proposes targeted tax relief for small businesses in West Virginia, aiming to alleviate inflation-related financial pressures and stimulate local economies by supporting businesses with fewer than 50 employees.
Full text
This bill proposes the implementation of targeted tax relief measures for small businesses in West Virginia, aimed at alleviating the financial pressures caused by inflation. By reducing state tax liabilities for qualifying small businesses, we seek to stimulate local economies, encourage job creation, and foster a resilient economic environment. The relief will be structured to support businesses with fewer than 50 employees, ensuring that our state's backbone is strengthened during these challenging economic times.