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Taxation

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1913

Congress passed the 16th Amendment for a federal income tax on corporation

Other events that happened on or around 1913

1914

State prohibition began

Other events that happened on or around 1914

1915

The West Virginia legislature first imposed the corporate excise tax

Other events that happened on or around 1915

1921

West Virginia replaced the corporate excise tax with a business gross receipts tax

Other events that happened on or around 1921

1928

West Virginia property tax revenue was at $52 million

Other events that happened on or around 1928

Nov 08, 1932

The Tax Limitation Amendment was passed by voters

Other events that happened on or around November 08, 1932

1933

West Virginia property tax revenue was at $27 million

Other events that happened on or around 1933

Apr 01, 1934

The sales tax became effective in West Virginia

1951

West Virginia adopted a 2% use tax

Other events that happened on or around 1951

1961

West Virginia adopted a personal income tax

Other events that happened on or around 1961

1967

West Virginia adopted a corporate net income tax

Other events that happened on or around 1967

1987

The business and operation tax (B&O) was eliminated for most business activities

Other events that happened on or around 1987

1993

The state corporate net income tax rate was at 9%

Other events that happened on or around 1993


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