West Virginia HB4928 aims to prevent double taxation on residential rental properties.

West Virginia HB4928 seeks to prohibit counties and municipalities from imposing double taxes on residential rental properties. The bill emphasizes that rental properties should be taxed at the same rate as owner-occupied housing. It also bans additional property taxes based on zoning. The bill does not affect sales and service taxes for businesses. The West Virginia Tax Commissioner is authorized to create rules to enforce these provisions. The goal is to lower rent for tenants by ensuring landlords are not burdened with excessive property taxes.

West Virginia HB4928 aims to prevent double taxation on residential rental properties.

West Virginia HB4928 seeks to prohibit counties and municipalities from imposing double taxes on residential rental properties. The bill emphasizes that rental properties should be taxed at the same rate as owner-occupied housing. It also bans additional property taxes based on zoning. The bill does not affect sales and service taxes for businesses. The West Virginia Tax Commissioner is authorized to create rules to enforce these provisions. The goal is to lower rent for tenants by ensuring landlords are not burdened with excessive property taxes.