WEST virginia Legislature
2017 regular session
Introduced
House Bill 2937
By Delegates E. Nelson and
Boggs
By Request of The Department of Tax and Revenue
[Introduced March 13, 2017;
Referred
to the Committee on Finance.]
A BILL to amend and reenact §11-4-2 of the Code of West Virginia, 1931, as amended, relating to authorizing county assessors to make separate entries in their land books when real property is partly used for exempt, and partly for nonexempt, purposes.
Be it enacted by the Legislature of West Virginia:
That §11-4-2 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 4. ASSESSMENT OF REAL PROPERTY
§11-4-2. Form of land books.
The Tax Commission shall prescribe a form of landbook and the information and itemization to be entered therein, which shall include separate entries of:
(1) All real property of
whatever portion thereof in square feet that is owned, used and occupied by the
owner exclusively for residential purposes, including mobile homes, permanently
affixed to the land and owned by the owner of the land; (2) all real
property or whatever portion thereof in square feet that is owned by an
organization that is exempt from federal income taxes under 26 U.S.C. §501(c)(3)
or 501 (c)(4) and used exclusively for a purpose that is exempt from tax
under section nine, article three of this chapter; (3) all real property or
whatever portion thereof in square feet that is owned by an organization that
is exempt from federal income taxes under 26 U.S.C. §501(c)(3) or 501 (c)(4)
and that is not used exclusively for a purpose that is exempt from tax under
section nine, article three of this chapter; (2) (4) all
farms including land used for agriculture, horticulture and grazing occupied by
the owner or bona fide tenant; (3) (5) all other real property;
and, for each entry there shall be show; (4) (6) the value of
land, the value of buildings and the aggregate value; (5) (7) the
character and estate of the owners, the number of acres or lots and the local
description of the tracts or lots; (6) (8) the amount of taxes
assessed against each tract or lot for all purposes.
NOTE: The purpose of this bill is to allow portions of otherwise exempt property that are being used for nonexempt purposes to be separately assessed and taxed for property tax purposes.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.