WV SJR22

Proposes a constitutional amendment to repeal all business and inventory ad valorem (property) taxes on tangible personal property in West Virginia, effective July 1, 2029

Requires the Legislature to adjust the general consumer sales tax rate to generate revenue equal to the amount previously collected from the eliminated business property tax

Mandates that sales tax revenue collected as replacement funding be distributed to counties and political subdivisions that previously received business and inventory property tax revenue, in equivalent amounts

Would appear on the 2026 general election ballot as "Amendment 1" for voter ratification or rejection

Requires two-thirds approval from both houses of the Legislature to place the amendment on the ballot