Reduces property tax for childcare facilities by 50% in West Virginia.

West Virginia HB4645 proposes a 50% reduction in property taxes for all day care facilities in the state. The bill aims to amend the Code of West Virginia by adding a new section that specifies this tax reduction. All property owned and used by a day care facility will be assessed at full value, but the tax imposed on this property will be reduced by half. This change is intended to provide financial relief to childcare facilities by lowering their tax burden.

Reduces property tax for childcare facilities by 50% in West Virginia.

West Virginia HB4645 proposes a 50% reduction in property taxes for all day care facilities in the state. The bill aims to amend the Code of West Virginia by adding a new section that specifies this tax reduction. All property owned and used by a day care facility will be assessed at full value, but the tax imposed on this property will be reduced by half. This change is intended to provide financial relief to childcare facilities by lowering their tax burden.