HOUSE JOINT RESOLUTION NO. 25
(By Delegates Angotti, Perdue, Warner,
L. Smith and Modesitt)
(Introduced February 24, 1999; referred
to the Committee on Constitutional Revision then Finance)
Proposing an amendment to the Constitution of the State of West
Virginia, amending section one, article ten thereof,
relating to exempting vehicles held in inventory by motor
vehicle dealers licensed under general law from ad valorem
property taxation; numbering and designating such proposed
amendment; and providing a summarized statement of the
purpose of the proposed amendment.
Resolved by the Legislature of West Virginia, two thirds of
the members elected to each house agreeing thereto:
That the question of ratification or rejection of an
amendment to the Constitution of the State of West Virginia be
submitted to the voters of the State at the next general election
to be held in the year two thousand, which proposed amendment is
that section one, article ten thereof, be amended to read as
ARTICLE X. TAXATION AND FINANCE
§1. Motor Vehicles Exempt From Ad Valorem Property Taxation.
Notwithstanding the provisions of the preceding sections, motor vehicles held in inventory by licensed motor vehicle
dealers shall be exempt from ad valorem property taxation.
Resolved further, That in accordance with the provisions of
article eleven, chapter three of the code of West Virginia, one
thousand nine hundred thirty-one, as amended, such proposed
amendment is hereby numbered "Amendment No. 1" and designated as
"The Exemption of Property Taxes on Automobile Inventory
Amendment," and the purpose of the proposed amendment is
summarized as follows: "To amend the State Constitution to
exempt property taxes on automobiles held in dealer inventory and
thereby reduce the cost of automobiles to buyers."
NOTE: The purpose of this resolution is to reduce to the
general public the cost of motor vehicles by eliminating the
burdensome expense borne by motor vehicle dealers in paying
property taxes on vehicles held for sale.