SJR 9 - Amends the Constitution to Authorize the State Legislature to Establish Certain Tax Exemptions - West Virginia Key Vote

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Title: Amends the Constitution to Authorize the State Legislature to Establish Certain Tax Exemptions

Vote Smart's Synopsis:

Vote to pass a resolution that amends the constitution to authorizes the state legislature to establish certain personal property tax exemptions.

Highlights:

 

  • Amends the constitution to authorize the state legislature to do any of the following (Sec. 1):

    • Exempt one or more specific species of tangible personal property from property taxation; 

    • Reduce the rate of taxation or assessment for one or more species of tangible personal property; 

    • Establish different statewide rates of taxation, rates of assessment, and statewide methods of valuation for different species of tangible personal property; 

    • Classify property as real property or as personal property for the purposes of property taxation.

NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES TWO-THIRDS APPROVAL IN EACH CHAMBER FOR PASSAGE. IT MUST THEN BE APPROVED BY A MAJORITY OF CITIZENS VOTING IN THE NEXT ELECTION TO BE ENACTED.

Title: Amends the Constitution to Authorize the State Legislature to Establish Certain Tax Exemptions

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