Clarifies the term "farm" for tax purposes in West Virginia.
West Virginia SB387 amends the definition of "farm" for tax purposes, specifying that it includes land used for agricultural products and excludes commercial forestry and timber growing. The bill requires the Commissioner of Agriculture to certify whether a parcel of land qualifies as a farm, with the county assessor able to request this certification. The commissioner must propose rules for legislative approval to develop a process for certifying farm status. This change aims to ensure consistent and accurate tax assessments for agricultural properties.
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