This bill proposes an amendment to the Code of West Virginia, specifically 11-6B-3, to introduce an additional homestead exemption for West Virginia citizen farmers. The new provision allows for a $20,000 exemption on property taxes for farmers who derive more than 50% of their income from their farming activities. This exemption is intended to support local farmers and enhance their financial stability by reducing their tax burden.

In addition to the existing homestead exemption for individuals aged 65 or older or those who are permanently and totally disabled, the bill inserts a new clause that specifically addresses the needs of farmers. The existing language regarding the general homestead exemption remains intact, ensuring that the new exemption for farmers is an addition rather than a replacement. This legislative change aims to recognize and assist those who contribute significantly to the agricultural economy in West Virginia.

Statutes affected:
Introduced Version: 11-6B-3