HB4064

West Virginia HB4064 modifies the rate of tax on motor vehicles, including exchanges of used cars.

West Virginia HB4064 amends the state's code to modify the rate of tax on motor vehicles. The bill sets a five percent tax on the sale and use of motor vehicles, including exchanges of used cars. It defines "motor vehicle" broadly, covering various types of vehicles, but exempts certain entities and vehicles from the tax. The tax applies to all motor vehicle sales to West Virginia residents, regardless of whether the vehicle was purchased in-state or out-of-state. Exemptions include vehicles acquired by senior citizen service organizations, registered dealers, and certain government entities.