The tax climate in Morgantown, Monongalia and Preston counties as well as the state all are favorable and conducive to growing business West Virginia.

State Taxes
The state levies a singular tax on business – a Corporation Net Income Tax. This tax structure is imposed annually at 6.5% of federal and taxable income.

The state also levies specific taxes throughout the Mountain State, including:

  • Business and Occupation Tax imposed on public utilities, electric power generators and natural gas storage operators.
  • Severance Taxes levied on the production of natural resources at 5%.
  • Consumers’ Sales and Service Tax and Use Tax levied at 6%.
  • Business Registration Tax which is a one-time fee of $30 for each location.
  • Personal Income Tax is a graduated scale applied to all taxable income.

View all WV State Business Taxes

County Taxes
Includes property taxes administered by county governments. Businesses pay property tax on furniture, fixtures, equipment, inventory and real estate if a business operates from a brick and mortar location. 60% of appraised value is collected as property tax. Many cities in the region also administer a B&O tax applied as a percentage of gross revenue.

Municipal Sales and Use Tax

Municipality Effective Date Municipal Rate Combined Rate*
Morgantown (Monongalia County) July 1, 2020 1% 7%
Kingwood (Preston County) July 1, 2019 1% 7%

Learn More

Other fees, taxes and licenses may be required depending upon specific industries within which businesses operate. The best way to proceed with opening, positioning or relocating a business within the Morgantown MSA, is to contact the municipal offices that govern the specific community from where the business plans to operate.

Thank you to our Investor Partners