Authorizing the Legislature to exempt tangible inventory personal property directly used in business activity from ad valorem property taxation by general law

HJR 11 proposes a constitutional amendment to allow West Virginia's legislature to exempt tangible business inventory (like goods for sale) from property taxes through general law. Currently, such inventory isn't automatically exempt under state tax rules. If approved by voters in 2028, this change would enable the legislature to create a permanent tax exemption for business inventory used directly in operations, potentially reducing tax burdens for retail, manufacturing, and other businesses holding physical stock. The amendment requires voter approval and does not change current tax rates or apply immediately.