HB 2895
To ascertain the value of any item of tangible machinery and equipment personal property used in business activity
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to set the assessed value of certain tangible personal property used in business activity, including machinery, equipment, and motor vehicles, to $0. The legislation aims to clarify the treatment of these items under West Virginia’s property tax laws, specifically referencing the state’s constitutional amendments regarding intangible property taxation. It seeks to ensure that these specific items are not subject to ad valorem property tax, aligning with the intent of previous voter-approved amendments.
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