Eliminate the exchanging of funds for paying personal property taxes

HJR 29 is a constitutional amendment proposal that would allow West Virginia's legislature to exempt certain business property from ad valorem taxation by general law. Specifically, it would authorize exemptions for tangible machinery/equipment used in business, tangible inventory used in business, and personal property tax on motor vehicles. This change requires voter approval at the 2026 general election, as the resolution mandates submitting the amendment to voters for ratification. The proposal does not change current tax rates but provides a constitutional basis for future legislative exemptions affecting businesses that own these property types.