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 authorize a reduced property appraisal to certain corporate owners of farm property in the state.
AI Summary
This bill allows certain corporations that own farm property to have that property appraised based on its value for farming purposes, rather than its potential market value for other uses. Specifically, even if a corporation's main business isn't farming, it can still qualify for this reduced property valuation if its farm property produces at least $20,000 worth of agricultural products annually. This applies to all farm properties owned by the corporation, regardless of whether they are connected. The bill clarifies that "agricultural products" is a defined term within the state code.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
To Agriculture (on 01/14/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=45&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=941209871 |
| Fiscal Note - Agriculture, WV Department of | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=941209872 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb45%20intr.htm&yr=2026&sesstype=RS&i=45 |
Loading...