Bill > HB3200

This bill modifies the tax rate and provisions for motor vehicle sales in West Virginia, specifically addressing the exchange of used vehicles during a sale. The legislation maintains the five percent sales tax rate for motor vehicles, with a provision that increases the rate to six percent beginning July 1, 2017. A key change is the clarification of "exchange of other vehicles," which now explicitly allows for the sale of vehicles titled in the same taxpayer's name within seven days of a new vehicle title application. To qualify for this exchange, a notarized bill of sale must be presented with the title application, and the sold vehicle can only be used in one exchange. The bill applies to all motor vehicles used within the state, regardless of where they were originally purchased, and includes various exemptions for specific types of vehicle transfers such as those involving military personnel, government entities, nonprofit organizations, and vehicle leases. The collected taxes are dedicated to the State Road Fund and will be used for highway design, maintenance, and construction.