FISCAL NOTE
Date Requested: January 14, 2026
Time Requested: 08:17 PM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1538 |
Introduced |
|
SJR3 |
|---|
| CBD Subject: |
Resolutions |
|---|
|
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund local property tax revenue
Legislation creates:
Decreases Existing Revenue, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to provide for an election to amend the state Constitution to exempt all honorably discharged veterans of the Armed Forces of the United States from ad valorem property taxation on the assessed value of his or her primary residence plus all personal property.
The revenue impact of this proposal on Property Tax collections cannot be determined. We have no data on the value of the real and personal property owned by honorably discharged veterans. However, given that over 109,000 veterans reside in West Virginia, the cost to local governments and schools would likely be significant.
Additional administrative costs would be minimal.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The revenue impact of this proposal on Property Tax collections cannot be determined. We have no data on the value of the real and personal property owned by honorably discharged veterans. However, given that over 109,000 veterans reside in West Virginia, the cost to local governments and schools would likely be significant.
Additional administrative costs would be minimal.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: RADfiscal@wv.gov