WEST virginia legislature

2019 regular session

Introduced

House Joint Resolution 12

By Delegate Foster

[Introduced January 14, 2019; Referred
to the Committee on Finance]

Proposing an amendment to the Constitution of the State of West Virginia, amending article X thereof, by adding thereto a new section, designated section one-d, relating to exempting from ad valorem taxation personal property in the form of manufacturing inventory and manufacturing equipment; numbering and designating such proposed amendment; and providing a summarized statement of the purpose of such proposed amendment.

Resolved by the Legislature of West Virginia, two-thirds of the members elected to each house agreeing thereto:

That the question of ratification or rejection of an amendment to the Constitution of the State of West Virginia be submitted to the voters of the state at the next general election to be held in 2020, which proposed amendment is that article X thereof be amended by adding a new section thereto, designated section one-d, to read as follows:

ARTICLE X.  TAXATION AND FINANCE.

§1d.  Exemption from ad valorem taxation of manufacturing inventory and equipment.

Notwithstanding any other provision of the Constitution, tangible personal property in the form of manufacturing inventory and manufacturing equipment is exempt from ad valorem taxation.

Resolved further, That in accordance with the provisions of §3-11-1 et seq. of the Code of West Virginia, 1931, as amended, such proposed amendment is hereby numbered "Amendment No. 1" and designated as the "Manufacturing Inventory and Equipment Tax Exemption Amendment" and the purpose of the proposed amendment is summarized as follows:  "The purpose of this amendment is to exempt manufacturing inventory and manufacturing equipment from ad valorem taxation.”

NOTE: The purpose of this resolution is to propose an amendment to the West Virginia Constitution that would exempt personal property in the form of manufacturing inventory and manufacturing equipment from ad valorem taxation.

Strike-throughs indicate language that would be stricken from a heading or the present Constitution and underscoring indicates new language that would be added.