Governor Patrick Morrisey says he wants to cut the state’s income tax by as much as ten percent during the upcoming legislative session.
Morrisey announced Monday that rising state revenues, continued inflation, and tax-cut plans in neighboring states are driving the proposal. The state already has a system approved in 2023 that triggers gradual income tax cuts when revenue goals are met, with the long-term goal of eliminating the tax altogether. Morrisey says he plans to work with lawmakers on how to implement additional cuts.
While some officials have discussed tax breaks on tips and overtime, the governor says his priority is broad-based tax relief that benefits all families. He points to revenue collections coming in more than 128 million dollars above estimates and income tax cuts planned in states like Kentucky and Ohio as reasons to stay competitive.
The legislature’s regular session begins January 14.