H. B. 4064
(By Delegates Perry, Hrutkay, Wells and Walters)
[Introduced January 17, 2008; referred to the
Committee on Roads and Transportation then Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §17A-10-3c, relating
to limiting the tax assessment on antique motor vehicles.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §17A-10-3c, to read as
follows:
ARTICLE 10. FEES FOR REGISTRATION, LICENSING, ETC.
§17A-10-3c. Antique motor vehicle tax assessment.
Notwithstanding any other provision of this code, an antique
motor vehicle as defined in section three of this article is
assessed for taxation purposes at the lower of its true value or
five hundred dollars.
NOTE: The purpose of this bill is to limit the tax assessment
on antique motor vehicles to the lower of its true value or $500.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.