WEST virginia legislature
2018 regular session
Originating
Senate Bill 298
By Senators Blair, Boley, Boso, Drennan, Facemire, Ferns, Gaunch, Maroney, Palumbo, Plymale, Prezioso, and Stollings
[Originating in the
Committee on Finance;
Reported on January 16, 2018]
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 landbooks when real property is partly used for exempt, and partly for nonexempt, purposes.
Be it enacted by the Legislature of West Virginia:
ARTICLE 4. ASSESSMENT OF REAL PROPERTY.
§11-4-2. Form of landbooks.
The Tax Commissioner 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 or 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 §11-3-9 of this code; (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 §11-3-9 of this
code; (2) (4) all farms
including land used for agriculture, horticulture, and grazing occupied by the
owner or bona fide tenant; (3) (5) and all
other real property. and, For each entry there shall be shown: (4) (A) The value of land, the value of buildings, and the
aggregate value; (5) (B) the
character and estate of the owners, the number of acres or lots, and the local
description of the tracts or lots; and (6) (C) 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.