summary
Introduced
01/29/2026
01/29/2026
In Committee
01/29/2026
01/29/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this resolution is to permit the Legislature to repeal homestead real property tax and to require the Legislature create a mechanism to replace funding that counties receive from the homestead real property tax.
AI Summary
This resolution, originating from West Virginia, allows the state Legislature to eliminate property taxes on homestead real property, which are taxes based on the assessed value of a primary residence, starting July 1, 2027. Crucially, it also mandates that the Legislature must establish a new system to replace the funding that counties currently receive from these homestead property taxes, ensuring local governments do not lose essential revenue.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
To House Finance (on 01/29/2026)
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