Bill > HB2601

This bill adds a new provision to West Virginia's tax code that would exempt all motor vehicles from personal property tax starting January 1, 2026. The bill modifies Section 11-3-9, which lists various types of property currently exempt from taxation, by inserting a new subsection (30) that provides a blanket exemption for motor vehicles owned as personal property. This means that beginning in 2026, West Virginia residents would no longer have to pay annual personal property taxes on their cars, trucks, motorcycles, and other vehicles. The exemption applies to all motor vehicles owned by individuals, regardless of their value or type. By removing this tax, the bill aims to provide financial relief to vehicle owners and potentially make vehicle ownership more affordable for residents of West Virginia. The bill does not affect other types of personal property taxes and maintains the existing list of tax-exempt properties in the state's tax code.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2601&year=2025&sessiontype=RS&btype=bill