H. B. 4468
(By Delegates Duke, Roberts, Blair, Trump,
Doyle, Tabb, Wysong and Campbell)
[Introduced
February 9, 2006
; referred to the
Committee on the Judiciary then Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §11-6B-8, relating
to providing an election for county commissions to allow
resident homeowners, sixty-five years old or older, to defer
the payment of property tax increases to their residential
property during their lifetimes.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §11-6B-8, to read as
follows:
ARTICLE 6B. HOMESTEAD PROPERTY TAX EXEMPTION AND TAX DEFERMENT
ELECTION.
§11-6B-8. Deferment Election.
A county commission may provide an election to homeowners
residing in the county who are sixty-five years old or older and
who have been a resident of West Virginia for five or more years to
defer all property tax increases over the amount of taxes paid by him or her for the remainder of his or her life. Upon the death of
the homeowner or his or her spouse, whichever is later, the
deferred taxes shall be recaptured, without interest, upon the sale
or transfer of the house.
NOTE: The purpose of this bill is to provide an election for
county commissions to allow resident homeowners, sixty-five years
old or older, to defer the payment of property tax increases to
their residential property during their lifetime.
This section is new; therefore, strike-throughs and
underscoring have been omitted.