West Virginia HB4922 proposes a tax exemption for personal and real property for residents aged 65 and older, effective January 1, 2027.

West Virginia HB4922 amends the state's tax code to exempt personal and real property taxes for residents who are 65 years of age or older, effective January 1, 2027. This bill also clarifies the eligibility criteria for the Homestead Property Tax Exemption, ensuring that only those who meet specific residency requirements qualify. The bill outlines the conditions under which certain properties remain exempt from taxation, including those used for educational, religious, charitable, and public purposes.

West Virginia HB4922 proposes a tax exemption for personal and real property for residents aged 65 and older, effective January 1, 2027.

West Virginia HB4922 amends the state's tax code to exempt personal and real property taxes for residents who are 65 years of age or older, effective January 1, 2027. This bill also clarifies the eligibility criteria for the Homestead Property Tax Exemption, ensuring that only those who meet specific residency requirements qualify. The bill outlines the conditions under which certain properties remain exempt from taxation, including those used for educational, religious, charitable, and public purposes.