On Tuesday, November 4, West Virginia voters will be asked to vote on a proposed amendment to the Constitution of West Virginia concerning creating exemptions from property taxes for certain non-profit youth organizations. On the ballot, voters will see the title of the amendment ... Nonprofit Youth Organization Tax Exemption Support Amendment ... and a summary of the amendment prepared by the West Virginia Legislature: “To amend the State Constitution to exempt from property tax certain properties in this state owned by nonprofit youth organizations and built at cost of at least $100 million whether or not the property is used for the nonprofit youth organization’s charitable or nonprofit purpose to help raise funds for the benefit of the nonprofit youth organization. If approved, the Legislature would be required to enact laws that would protect local and regional businesses from unfair competition and unreasonable loss of revenue caused by the nonprofit organization use of the tax exemption.” Voting “FOR” means you are in favor of the amendment and would allow the nonprofit youth organization to use the property for other purposes without losing its currently available charitable use property tax exemption. Before taking effect, the Legislature would have to pass laws that define the types of use of the property and that protect non-tax-exempt businesses from unfair competition. Voting “AGAINST” means that you are against the amendment and would not allow for the property tax exemption if the property is used for non-charitable purposes. For more information, contact the West Virginia Secretary of State at 304-558-6000 or 1-866-767-8683.
Posted on: Mon, 06 Oct 2014 12:48:35 +0000
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