Eliminates transfer taxes for transfers between siblings and for transfers involving a limited liability company solely owned by the transferor.

West Virginia SB596 amends the state's excise tax code to exempt transfers between siblings and transfers involving a limited liability company solely owned by the transferor from excise taxes. This bill modifies the definition of "document" to exclude certain transfers from the taxable category. The changes apply to transfers without consideration, such as those between family members, and transfers involving limited liability companies solely owned by the transferor.

Eliminates transfer taxes for transfers between siblings and for transfers involving a limited liability company solely owned by the transferor.

West Virginia SB596 amends the state's excise tax code to exempt transfers between siblings and transfers involving a limited liability company solely owned by the transferor from excise taxes. This bill modifies the definition of "document" to exclude certain transfers from the taxable category. The changes apply to transfers without consideration, such as those between family members, and transfers involving limited liability companies solely owned by the transferor.