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WV Tax Revenue Falls by $42M in November

WV General tax revenues fell short of their mark by $42 million in November, its worst in almost two years. Income tax refunds accounted for much of the shortcoming according to Deputy Revenue Secretary Mark Muchow. He claimed that both individuals and corporations overpaid last year due to uncertainty about 2010 federal taxes. These refunds supposedly accounted for $33 million of the shortcomings.
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