Eliminate the exchanging of funds for paying personal property taxes

This House Joint Resolution proposes a constitutional amendment to allow West Virginia's Legislature to exempt certain business property from ad valorem property taxes. Specifically, it would enable future laws to exclude tangible machinery/equipment, business inventory, and business-use motor vehicles from property tax assessments. The amendment requires voter approval at the 2026 general election to take effect. If passed, it would change how the state taxes business assets, potentially reducing tax burdens for qualifying businesses. This is a procedural constitutional change, not an immediate tax law.