WV Farm Bureau Magazine January 2014 | Page 41

 OLL-BACK TAXES R Roll-back taxes should only be implemented as a means of funding farmland protection programs. The maximum time period roll-back taxes should be assessed is five years.  ALUE-ADDED TAXES V We oppose value-added taxes.  EATH TAX D Farm Bureau supports the permanent repeal of the Inheritance Tax (also known as Death Tax or Estate Tax) on the state and federal level.  GRICULTURAL OPERATIONS & A INCOME & SALES TAX WVFB supports continuation of the Sales and Use Tax Exemption for Agriculture. When materials and/or equipment are consumed in the production of wealth in the form of food and fiber they should be exempt from sales and use taxes. Farmers are being unfairly assessed taxes on the purchase of ATVs for farming purposes. We recommend the following change to WV Code 11-15-36, subsection F (Exemptions), adding a ninth exemption: “The tax imposed by this section does not apply to the registration of an all-terrain vehicle owned and titled in the name of a resident of this state who is a farmer, if the applicant is purchasing the all-terrain vehicle for use in his/her farming operations.”  EST VIRGINIA SALES AND W SERVICE TAX AND USE TAX EXEMPTION CERTIFICATE Currently this certificate is completed by the consumer and kept on file by the supplier for all exempt sales on or after July 1 biennially. We recommend the law be changed to require completion of this certificate every five years, rather than every two years.  EVERANCE & EXCISE TAXES S Severance taxes and excise taxes should be reviewed with respect to necessity as a source of revenue. All timber severance and excise taxes should be dedicated to the Division of Forestry rather than general revenue. Timber excise tax should include a $15,000 tax exemption for small producers.  GRICULTURE & B&O TAXES A WVFB supports the repeal of all B&O taxes.  IGHWAY USER TAXES H Highway User Taxes should only be allocated for highway maintenance and construction, not paved bicycle and walking trails.  OMESTEAD TAX EXEMPTION H Farm Bureau favors the Homestead Tax Exemption to be limited to senior citizens, and those legally disabled as determined by the Social Security Administration and/or Veterans Administration, who have been residents for at least five years. We support increasing the exemption to $40,000 and adjusting it periodically for inflation.  TATE INCOME TAX EXEMPTIONS S Farm Bureau asks that the state income tax be amended so personal exemptions and deductions are the same as in the federal law.  OUNTY FIRE BOARDS C West Virginia Farm Bureau supports the formation of county fireboards and the elimination of surcharges on insurance policies.  AX ON FLAVORED MILK T Farm Bureau considers flavored milk an agricultural commodity, not a soft drink, and favors amending the state soft drink tax law to exempt flavored milk.  GRICULTURAL USE STRUCTURES A Farm Bureau supports a real property tax exemption on structures used for agricultural production facilities.  NEMPLOYMENT COMPENSATION U TAX ON PRODUCERS OF AGRICULTURAL COMMODITIES We oppose the extension of the unemployment )х