SJR7 SFAT TRUMP 3-30

Schindzielorz 7892

Senator Trump moved to amend the resolution by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for Senate Joint Resolution No. 7—Proposing an amendment to the Constitution of the State of West Virginia, amending article X thereof, by adding thereto a new section, designated section one-d, relating generally to ad valorem taxation and assessment of tangible personal property; authorizing the Legislature to exempt one or more species of tangible personal property from taxation; authorizing the Legislature to reduce the rate of taxation or assessment for one or more species of tangible personal property; authorizing the Legislature to establish different statewide rates of taxation, statewide rates of assessment, and statewide methods of valuation for different species of tangible personal property; providing that uniformity in taxation is not required among the different species of tangible personal property; clarifying that the Legislature and levying bodies remain subject to constitutional limits on rate of taxation and assessment; authorizing the Legislature to classify property as real or personal for taxation purposes; numbering and designating such proposed amendment; and providing a summarized statement of the purpose of such proposed amendment.

Adopted

Rejected