summary
Introduced
01/16/2023
01/16/2023
In Committee
01/16/2023
01/16/2023
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 Property Tax Exemption from $20,000 to $40,000.
AI Summary
This bill proposes to increase the Homestead Property Tax Exemption in West Virginia from $20,000 to $40,000. The Homestead Property Tax Exemption allows homeowners who are 65 years of age or older, or certified as permanently and totally disabled, to deduct the first $40,000 of their home's assessed value from their property taxes, provided they have been residents of West Virginia for at least two consecutive years. This change is intended to provide more financial relief for eligible homeowners in the state.
Committee Categories
Budget and Finance
Sponsors (7)
Eric Brooks (R)*,
Geno Chiarelli (R),
Kathie Crouse (R),
Josh Holstein (R),
Todd Kirby (R),
Clay Riley (R),
Jimmy Willis (R),
Last Action
To House Finance (on 01/16/2023)
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=2566&year=2023&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=860192760 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb2566%20intr.htm&yr=2023&sesstype=RS&i=2566 |
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