CHARLES TOWN, W.Va. - A statewide plan to eliminate personal property taxes on cars and property owned by businesses has some local officials worried about how they will make up for the loss in revenue.
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The move to eliminate the taxes came from the Governor's Commission on Fair Taxation, which believes the personal property tax has held back economic growth in the state.
The tax is especially tough on "capital-intensive businesses," which have to pay property taxes on manufacturing and construction equipment, said Michael E. Caryl, a Martinsburg attorney and vice chairman of the commission.
Caryl said that is the industry "that lays the golden egg for all of us."
But Jefferson County Sheriff William Senseney said eliminating the personal property tax on major industries in the state is a large loss of revenue, and he worries about small businesses and state taxpayers shouldering the burden.