H. B. 2327
(By Delegates Stalnaker, Varner and Beane)
February 14, 2005
; referred to the
Committee on the Judiciary then Finance.]
A BILL to amend and reenact §11-6C-1 of the Code of West Virginia,
1931, as amended, relating to including boat retailers in the
special method for appraising dealer vehicle inventory.
Be it enacted by the Legislature of West Virginia:
That §11-6C-1 of the Code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:
ARTICLE 6C. SPECIAL METHOD FOR APPRAISING DEALER VEHICLE
§11-6C-1. Inventory included within scope of article.
Notwithstanding any other provisions of law, inventory of
vehicles, as that term is defined in section one, article one,
chapter seventeen-b of this code, that is held for sale or lease by
new or used vehicle dealers licensed under the provisions of
article six, chapter seventeen-a of this code, provided that house
trailers and factory-built homes shall be included within the scope of this article, consisting of individual units of personal new or
used property, each unit of which, upon its sale to a retail
purchaser, must, as a matter of law, be titled in the name of the
retail purchaser and registered with the Division of Motor
Vehicles, shall be appraised for assessment purposes, as set forth
in this article. Inventory, as used in this article, includes
inventory of boats sold by boat retailers.
This article does not apply to units of inventory which are
included in fleet sales, transactions between dealers or classified
as heavy duty trucks of sixteen thousand pounds or more gross
vehicular weight. For purposes of this article, inventory subject
to the provisions of this article shall be denoted "dealer vehicle
inventory" and "dealer boat inventory".
NOTE: The purpose of this bill is to include boat retailers in
the special method for appraising dealer vehicle inventory.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would