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WV HB4042

Bill

Official Source

Status

Introduced

1/14/2026

Primary Sponsor

Phil Mallow

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Exempts farm structures and real property from property taxes when the owner-farmer resides on the property and derives at least 40% of their income from farming operations
  • Amends West Virginia Code §11-3-9 by adding a new category (subdivision 30) to the list of property exempt from taxation
  • Applies specifically to structures situated on farming property, not just the land itself
  • Introduced January 14, 2026 by Delegate Mallow and referred to the House Committee on Finance
  • Requires a fiscal note, indicating potential revenue impact to state and local governments

Legislative Description

To eliminate property taxes on the farm structures of any farmer producing at least 40% of their income from their farm

Taxation

Last Action

To House Finance

1/14/2026

Committee Referrals

Finance1/14/2026

Full Bill Text

No bill text available