October 20, 2020

Volume X, Number 294

October 19, 2020

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WV Legislative Brief - 2020- 2/7

THE DETAILS:

Legislative Action by the Numbers:

1,289 bills introduced in the House of Delegates

725 bills introduced in the State Senate

78 bills have passed the House of Delegates

63 bills have passed the State Senate 

10 bills have completed legislative action and await the Governor's consideration (6 House bills and 4 Senate bills) 

2 bills have been signed into law by the Governor 

My View from the Capitol:

On the financial front, West Virginia tax collections fell behind $50 million dollars in the first two months of the fiscal year.  The State Treasury received a boost last month when the State Treasurer turned over a one-time payment of $20 million. That money came from the unclaimed property fund and interest on the Board of Treasury investments.

Additionally, the Justice administration revised revenue estimates downward by $16.5 million - $6 million for January and $10.5 million for April. But, that cushion is now committed, which means the state’s budget for the remaining five months of the fiscal year is tight, and as of today, revenues are $20 million behind estimates.

Sales taxes collections are coming in nearly two percent above last year’s level and right about at the projections for the year. Sales tax collections were three percent higher in January than the same month last year, and that could be a positive trend. The slowdown in the energy sector continues to be a major problem for the state. Severance tax collections are running nearly $40 million behind estimates for the year.

© Steptoe & Johnson PLLC. All Rights Reserved.National Law Review, Volume X, Number 38

TRENDING LEGAL ANALYSIS


About this Author

L. Gil White, Government Relations Coordinator, Political Liaison Lawyer,
Government Relations Coordinator - WV

Gil White is a former 14-year elected member of the West Virginia State Legislature and a former political liaison to Governor Joe Manchin III.

During the 2016 WV Legislative Session, Mr. White discussed the sales tax exemption bill with Phil Kabler of The Charleston Gazette-Mail.  Click here to read the article.  

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