WV HJR29

Proposes a constitutional amendment to allow the Legislature to exempt tangible machinery and equipment used directly in business, business inventory, and motor vehicles from ad valorem (property) taxation

Requires the amendment question to be placed on the ballot at the 2026 general election for voter ratification or rejection

Designates the proposal as "Amendment No. 1" with the official title "Property Tax Modernization Amendment"

Maintains all existing property tax exemptions (educational, religious, charitable, public property, agricultural products) while adding new categories eligible for exemption

Requires two-thirds approval from members elected to each house of the Legislature to place the amendment before voters