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Committee pulls bill to exempt cars 25+ years from property tax after constitutional concerns
Summary
Senate Bill 807, which would exempt private passenger automobiles 25 years or older from personal property taxation, was removed from the committee's agenda after counsel and Department of Revenue witnesses raised constitutional and fiscal issues; committee did not vote on the measure.
CHARLESTON, W.Va. — The Senate Transportation and Infrastructure Committee removed Senate Bill 807 from its agenda after committee counsel and the Department of Revenue raised questions about the measure's constitutionality and fiscal impacts.
Senate Bill 807 would exempt private passenger automobiles that are 25 years old or older from personal property taxation. Committee counsel told members the Tax Department estimated an annual revenue loss of roughly $3.0 million if the exemption were enacted. The department's breakdown in the fiscal note cited an estimated annual loss of…
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