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Bill > HB4042
WV HB4042
WV HB4042To eliminate property taxes on the farm structures of any farmer producing at least 40% of their income from their farm
summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to exempt from taxation real property used for farming, if the owner-farmer resides on the real property and receives at least 40 percent of his or her income from the farm.
AI Summary
This bill amends West Virginia law to exempt from property taxes the real estate and structures used for farming, provided that the owner-farmer resides on the property and derives at least 40% of their income from farming operations. This change is an addition to the existing list of properties that are already exempt from taxation, such as those belonging to the government, religious institutions, educational facilities, and charitable organizations. The bill aims to provide financial relief to farmers who are significantly reliant on their agricultural work for their livelihood.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
To House Finance (on 01/14/2026)
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=4042&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=942331239 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4042%20intr.htm&yr=2026&sesstype=RS&i=4042 |
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