HOUSE CONCURRENT RESOLUTION NO. 78
(By Delegates Longstreth, Caputo, Manchin, Fleischauer
Sumner, Duke, Blair, J. Miller and Overington)
Requesting the Joint Committee on Government and Finance study what
the appropriate amount for the homestead exemption in the
State should be, as well as, the appropriate means for placing
a value on the exemption.
Whereas, There is a strong interest among the citizens of West
Virginia regarding what the appropriate amount should be for the
homestead exemption as provided in the West Virginia Constitution;
and
Whereas, This interest is demonstrated by the numerous
resolutions introduced every year in the Legislature to change the
amount of the homestead exemption in various ways including means
testing, increasing the exemption by certain amounts, freezing the
valuation and others; and
Whereas, Many senior citizens live on fixed incomes and are
fearful of their ability to continue to pay their residential
property taxes in a time of rising property values; therefore, be
it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby
requested to study the fiscal and public policy implications of the
various suggestions regarding an amendment to the homestead
exemption; and, be it
Further Resolved, That the Joint Committee on Government and
Finance specifically study what an appropriate amount should be, as
well as, an appropriate method of valuation; and, be it
Further Resolved, That the Joint Committee on Government and
Finance report to the regular session of the Legislature, 2008, on
its findings, conclusions and recommendations, together with drafts
of any legislation necessary to effectuate its recommendations;
and, be it
Further Resolved, That the expenses necessary to conduct this
study, to prepare a report and to draft necessary legislation be
paid from legislative appropriations to the Joint Committee on
Government and Finance.
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