Bill > SB807

This bill amends West Virginia's property tax exemption statute to add a new tax exemption for private passenger automobiles that are 25 years old or older. Specifically, the legislation modifies section 11-3-9 of the state code, which lists various types of property that are exempt from personal property taxation, by inserting a new provision that completely exempts vintage automobiles that have reached the 25-year age milestone from being taxed. This means that owners of classic or antique cars will no longer need to pay annual personal property taxes on these vehicles once they reach 25 years of age. The bill does not specify any additional conditions or requirements for the exemption beyond the vehicle's age, making it a straightforward and likely welcome change for car collectors and hobbyists who maintain older vehicles. By removing the tax burden on these older automobiles, the legislation may encourage preservation of vintage cars and provide financial relief to their owners.