Bill Text: WV SB397 | 2011 | Regular Session | Introduced
Bill Title: Establishing value of antique motor vehicles for personal property taxes
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: (Introduced - Dead) 2011-02-02 - To Transportation and Infrastructure [SB397 Detail]
Download: West_Virginia-2011-SB397-Introduced.html
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-1C-5c, relating to the method of establishing the value of antique motor vehicles for purposes of ad valorem property taxes.
§11-1C-5c. Antique motor vehicle valuation for purposes of personal property tax.
Notwithstanding any provision of this code to the contrary, antique motor vehicles shall be valued for purposes of ad valorem property taxes at their salvage value, not to exceed $200. An "antique motor vehicle" means any motor vehicle which is more than twenty-five years old.
NOTE: The purpose of this bill is to establish the value of antique motor vehicles for purposes of personal property taxes.
This section is new; therefore, strike-throughs and underscoring have been omitted.