Salem University requests to remain exempt from B&O tax
SALEM, W.Va. (WBOY) — Earlier this week, Salem University President and CEO Paul Weber released a statement on Facebook asking for the institution to continue to be exempted from the Business and Occupation (B&O) Tax ordinance, as it's one of the largest employers in the area. However, local leadership disagrees.
In his statement, Weber said that the university brings 'substantial and ongoing economic benefits to the area. From job creation to student and visitor spending, we contribute significantly to the local economy in ways that ripple far beyond our camp borders.'
Salem is a private university.
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Salem's Mayor Brandie Garner released a statement to 12 News in response to the university president's request, stating that because the university is for-profit, it should be charged a B&O tax.
Currently the University is exempted from B&O by ordinance. However, since they are for profit they should be charged B&O tax. This was found while going through our ordinances. For now we are allowing the attorneys to work out the interpretation of the law. At that time we will revisit the ordinance. Salem University is a huge part of the history of Salem, and I look forward to working together for the betterment of the community for many years to come. I'm grateful for President Weber's letter. It has opened up a meaningful dialogue about collaboration and future opportunities
Both the university and the mayor said they want to work together to find a suitable solution.
Salem University's full statement can be found below:
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