Loading chat...
WV HB3064
Bill
Status
2/28/2025
Primary Sponsor
Phil Mallow
Click for details
AI Summary
-
Creates an additional $20,000 homestead exemption on property taxes for West Virginia citizen farmers who derive more than 50% of their income from farming operations
-
The new farmer exemption is separate from and in addition to the existing $20,000 homestead exemption available to residents 65 years or older or those certified as permanently and totally disabled
-
Unlike the standard homestead exemption, the farmer exemption does not appear to have age or disability requirements—only the income threshold from farming
-
Amends §11-6B-3 of the West Virginia Code governing homestead property tax exemptions
Legislative Description
To give an additional $20,000 dollar Homestead Exemption on the property tax of any West Virginia citizen farmer that produces more than 50% of his or her income from their farm
Taxation
Last Action
To House Finance
2/28/2025