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Friday, February 17, 2012

Property Tax Breaks Proposed by West Virginia Lawmakers

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West Virginians may get a chance to vote on a pair of proposals aimed at easing their property taxes.

A House committee that reviews proposed constitutional amendments has endorsed two such measures.

One proposal would expand a break on real estate taxes that now mostly benefits low-income seniors.

Each county would elect whether to adopt this addition to the so-called homestead exemption.

A similar measure was debated during last year’s session.

The other proposal would allow an active member of the military to avoid paying taxes on a personal vehicle while they are deployed out-of-state.

Both measures advanced Wednesday to House Finance.

At least two-thirds of the House and Senate must each approve these measures for them to appear on the November 2012 ballot.

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