Governor Jim Justice signed a bill this week that returns more than $750 million to state residents, including a reduction in the personal income tax. State lawmakers approved a 21.25% income tax reduction, higher than a 15% cut approved by the state Senate and lower than what the governor proposed. Justice hopes the signing spurs population growth. West Virginia lost a higher percentage of its residents than any other state from 2010 to 2020, when the population dropped 3.2%, or about 59,000 people, according to the U.S. Census Bureau. The amount being returned to residents is more than two-thirds of the state’s record budget surplus of $1.1 billion. Justice called it the largest tax cut in state history.