The Times West Virginian

West Virginia

January 1, 2014

State gas prices go up penny a gallon

One of several tax changes that go into effect today

CHARLESTON — Motorists will pay an additional penny for a gallon of gasoline in West Virginia, beginning Wednesday.

The 1-cent increase to 54.1 cents per gallon is one of several tax changes that go into effect at the start of the new year, the Charleston Daily Mail reported.

The gas tax increase is due to the state Tax Department’s annual recalculation of the average wholesale gas price. The variable tax is one of the gas tax’s three components. The tax also includes a flat state tax of 20.5 cents per gallon and a flat federal tax of 18.4 cents per gallon.

Tax officials determined in November that the new state average wholesale gas price was $3.042 a gallon, compared to the 2013 rate of $2.831 a gallon.

“I’d like for the gas tax to be down, but we also need money for highways,” Jan Vineyard, president of the West Virginia Oil Marketers and Grocers Association, told the newspaper. “This is the most reasonable manner to go in.”

Vineyard said the variable tax rate helps state road funding keep pace with inflation.

The method for calculating tax rates for alternative fuels, such as natural gas and propane, also is changing.

A bill passed this year by the Legislature requires the Tax Department to calculate tax rates for these alternative fuels by their gasoline gallon equivalent measurements. The variable rates will be 30.4 cents per 1,000 cubic feet of compressed natural gas, 2.5 cents per gallon of liquefied natural gas and 6.2 cents per gallon of propane.

Changing the calculation for propane will decrease that tax from 14.2 cents to 6.2 cents a gallon. Propane previously was taxed the same as regular gas.

Two business taxes will decline as part of a multi-year plan established during Gov. Joe Manchin’s administration to reduce business tax rates.

The corporate income tax will drop to 6.5 percent on Wednesday, while the business franchise tax will drop to 0.1 percent. The corporate income tax reduction is the last under the plan. The business franchise tax is set to be phased out in 2015.

Another change effective Wednesday involves online retail sales. The state will officially require any online retailer with a physical presence in the state to charge sales taxes for Internet-based transactions, including online purchases from Amazon, Walmart, Target and Cabella’s.

Most retailers have been charging the tax for some time. Amazon began charging the tax this fall.

Text Only
West Virginia
  • Attorney general reaches $950,000 settlement with three financial groups

    West Virginia’s attorney general has reached a $950,000 settlement with three companies over allegations of antitrust law violations.

    July 28, 2014

  • Woman convicted in teen’s slaying moved

    A Monongalia County teenager has been transferred to a state prison to complete her sentence for the slaying of another teenager.
    The Lakin Correctional Center near Point Pleasant said Friday Rachel Shoaf has been booked at the Division of Corrections prison. Shoaf turned 18 last month and had been held in a juvenile facility.

    July 26, 2014

  • Board suspends clinic operator’s license

    A West Virginia board Friday suspended the license of the operator of a pain management clinic where investigators found syringes were being reused. It was the second disciplinary action involving the doctor’s license within a decade.

    July 26, 2014

  • Candidates: Leave global warming debate to scientists

    Two West Virginia congressional hopefuls said during their first candidate forum matchup Thursday that the global warming debate is better left to scientists.
    Democrat Nick Casey and Republican Alex Mooney added that other countries should step up in reducing carbon emissions.

    July 24, 2014

  • Lawsuit filed over Dirty Girl Mud Run

    A lawsuit has been filed against the producers of a run that was canceled in Charleston in which participants were told they wouldn’t be issued refunds.

    July 24, 2014

  • WVa. man sues GM over wife's death

    A West Virginia man has filed a lawsuit against General Motors Corp., claiming a defective ignition switch in a Chevrolet Cobalt caused a 2006 accident that killed his pregnant wife.

    July 24, 2014

  • Feds commit to health studies on spilled chemical

    After largely dismissing the possibility of long-term health problems, federal officials will conduct more studies on chemicals that spilled into West Virginia’s largest drinking water supply in January.
    In the next two months, federal health officials are also heading back to West Virginia.

    July 24, 2014

  • Park Service assesses impact of W.Va. attractions

    Four National Park Service attractions in West Virginia drew a total of 1.5 million visitors last year.

    July 23, 2014

  • This weekend's 'Dirty Girl' race canceled

    Organizers of a Charleston running event that was canceled for this weekend says it won’t issue refunds.

    July 23, 2014

  • Reporter heard truck backfiring, not gunshot

    Similar sounds in different circumstances create different reactions. That is so for WVVA reporter Annie Moore, who last Monday told police someone fired a gun at her while she was shooting file footage in the area of a recent murder.

    July 19, 2014

House Ads
Featured Ads