MORGANTOWN, W.Va. – A new tax has taken effect for businesses in the city of Morgantown.
A 1% sales and use tax started for businesses in the city limits on July 1. The city has also reduced B&O taxes for retail businesses by .05% and services by .1% as part of the changes.
City Finance Director James Goff said the tax is expected to bring in $5 million a year in revenue, but it’s hard to say exactly where that number will end up.
“It takes a couple years to really get a good feel for where the number’s going to consistently be within a range,” said Goff.
Proceeds from the tax will pay for police and fire pensions, infrastructure projects and improvements to BOPARC facilities.