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Introduced Version House Concurrent Resolution 135 History

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HOUSE CONCURRENT RESOLUTION 135

(By Mr. Speaker and Delegate Lane)



Requesting the Joint Committee on Government and Finance authorize a study on the Homestead Exemption for seniors and people with disabilities.

Whereas, The current Homestead Exemption of $20,000 has not been increased since 1982 when the average home value in West Virginia was $40,000; and
Whereas, The Homestead Exemption in 1982 was equal to fifty percent of the average home value in West Virginia; and
Whereas, The present average home value in West Virginia is $110,000; and
Whereas, The Homestead Exemption is only equal to eighteen percent of the average home value in West Virginia; and
Whereas, 256,000 seniors and people with disabilities who claim the homestead exemption live within 200% of the federal poverty level; and
Whereas, An increase in the Homestead Exemption and corresponding reduction in the tax liability for seniors and people with disabilities will provide them with additional funds to meet their daily needs; and
Whereas, The Legislature is committed to assisting seniors and people with disabilities; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby requested to authorize a study on the Homestead Exemption for seniors and people with disabilities
; and, be it
Further Resolved, That the Joint Committee on Government and Finance report to the Regular Session of the Legislature, 2011, on its findings, conclusions and recommendations, together with drafts of any legislation necessary to effectuate its recommendations; and, be it
Further Resolved, That the Legislative 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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