ENROLLED
H. B. 2534
(By Delegates Doyle, Manuel, Tabb,
Campbell, Duke, Blair and Trump)
[Passed March 6, 2003; in effect ninety days from passage.]
AN ACT to amend and reenact section eighty-five, article
twenty-four, chapter eight of the code of West Virginia, one
thousand nine hundred thirty-one, as amended, relating to the
tax on the privilege of transferring title to real estate; and
eliminating the maximum value of the property to which the tax
applies.
Be it enacted by the Legislature of West Virginia:
That section eighty-five, article twenty-four, chapter eight
of the code of West Virginia, one thousand nine hundred thirty-one,
as amended, be amended and reenacted to read as follows:
ARTICLE 24. PLANNING AND ZONING.
§8-24-85. Tax on privilege of transferring real property.
(a) Notwithstanding the provisions of section two, article
twenty-two, chapter eleven, and effective on the effective date of the amendments of this section enacted during the two thousand
three regular session of the Legislature and thereafter, in
addition to the tax imposed pursuant to article twenty-two, chapter
eleven of this code, any county commission that has created a
farmland protection program may impose an additional county excise
tax for the privilege of transferring title to real estate at the
rate of no more than one dollar and ten cents for each five hundred
dollars' value or fraction thereof, as represented by any document
as defined in section one, article twenty-two, chapter eleven of
this code, payable at the time of delivery, acceptance or
presentation for recording of the document.
(b) The tax imposed pursuant to this section is to be
administered and collected as the tax on the privilege of
transferring title to real estate imposed pursuant to the
provisions of article twenty-two, chapter eleven of this code.
(c) The tax imposed pursuant to this section is to be used
exclusively for the purpose of funding farmland preservation.
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