SENATE JOINT RESOLUTION NO. 12
(By Senators Tomblin, Mr. President, and Caruth, By Request of
the Executive)
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[Introduced February 12, 2008; referred to the Committee on the
Judiciary; and then to the Committee on Finance.]
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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 authorizing the
exemption from ad valorem taxation for personal property in
the form of manufacturing inventory; authorizing the exemption
from ad valorem taxation for other tangible personal property;
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
the year two thousand eight, 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 Other Tangible Personal Property.
Notwithstanding any other provision of this Constitution,
tangible personal property in the form of manufacturing inventory
and other tangible personal property may by law enacted by the
Legislature be exempt from ad valorem taxation.
Resolved further, That in accordance with the provisions of
this article eleven, chapter three 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 Tangible Personal Property Tax Exemption Amendment" and the
purpose of the proposed amendment is summarized as follows: "The
purpose of this amendment is to authorize the exemption from ad
valorem taxation for manufacturing inventory and other tangible
personal property."
NOTE: The purpose of this resolution is to authorize the
exemption from property taxation of manufacturing inventory and
other tangible personal property, as determined by the Legislature.
This section is new; therefore, strike-throughs and
underscoring have been omitted.