summary
Introduced
01/13/2023
01/13/2023
In Committee
01/13/2023
01/13/2023
Crossed Over
Passed
Dead
03/11/2023
03/11/2023
Introduced Session
2023 Regular Session
Bill Summary
The purpose of this bill is to increase the Homestead Exemption for homeowners from $20,000 to $40,000.
AI Summary
This bill aims to increase the Homestead Exemption for homeowners from $20,000 to $40,000. The Homestead Exemption is a deduction from the total assessed value of a homeowner's property for the purpose of calculating property taxes. The exemption applies to homeowners who are 65 years of age or older, or are certified as permanently and totally disabled, and have been residents of West Virginia for the two consecutive years preceding the tax year. The bill also specifies how the exemption is applied to the property tax books and the process for issuing a statement to the homeowner when the exemption amount exceeds the total assessed value of the homestead.
Committee Categories
Budget and Finance
Sponsors (6)
Mike Oliverio (R)*,
Mike Caputo (D),
Mark Hunt (R),
Mike Maroney (R),
Ben Queen (R),
Patricia Rucker (R),
Last Action
To Finance (on 01/13/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=201&year=2023&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=855238261 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb201%20intr.htm&yr=2023&sesstype=RS&i=201 |
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