Bill > HCR21

This joint resolution directs the Joint Committee on Government and Finance to study the feasibility of providing property tax relief to homeowners in West Virginia when large investments significantly increase a county's property tax base, meaning the total value of taxable property in the county. The study will explore how to dedicate a portion of the new tax revenue generated by these investments to reduce property taxes on owner-occupied primary residences, with a particular focus on providing relief to retired homeowners. The committee is tasked with identifying what constitutes a "significant" increase in the tax base, developing models for phased tax relief, creating formulas to balance homeowner relief with funding for essential county services like public safety and education, analyzing any necessary constitutional amendments, and examining transparency measures to ensure taxpayers understand the benefits of economic development. The committee must report its findings and recommendations, including any proposed legislation or constitutional amendments, to the Legislature by the start of the 2027 Regular Session.

http://www.wvlegislature.gov/Bill_Status/Resolution_History.cfm?year=2026&sessiontype=RS&input4=21&billtype=CR&houseorig=H&btype=res