Manchin To Sign Steelworker Buyout Tax Relief Bill In Weirton
Sponsoring Senator Says Bill Could Migrate To Neighboring States
Posted: 10:29 pm EST March 27, 2006
WEIRTON, W. Va. -- In basketball parlance, it was a buzzer-beater.
In the final seconds of this year's West Virginia legislative session, State Senator Ed Bowman convinced lawmakers to offer a one-time tax break to steelworkers who took advantage of Mittal Steel's voluntary buyout offer.
Governor Joe Manchin will sign the bill into law at a ceremony scheduled for Tuesday evening at the Independent Steelworkers' Union hall in Weirton.
The bill would give those steelworkers who agreed to the voluntary termination package a state income tax break of $30,000.
However, the bill offers no relief to Mittal employees who live in neighboring Ohio and Pennsylvania.
Bowman says the union has suggested lawmakers in neighboring states consider passing a similar law.
Bowman says he expects the tax break to have a minimal effect on West Virginia's overall tax revenue.
Eric Minor, NEWS9
Copyright 2006 by wtov9.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.





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