summary
Introduced
01/10/2024
01/10/2024
In Committee
01/10/2024
01/10/2024
Crossed Over
Passed
Dead
03/30/2024
03/30/2024
Introduced Session
2024 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 increases the Homestead Property Tax Exemption 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 exclude a certain amount of their home's assessed value from property taxes, provided they have been West Virginia residents for at least two consecutive years. The bill aims to provide more tax relief for eligible homeowners in the state.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
To House Finance (on 01/10/2024)
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=4373&year=2024&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=872413262 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4373%20intr.htm&yr=2024&sesstype=RS&i=4373 |
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