HOUSE JOINT RESOLUTION NO. 7
(By Delegates Angotti, Perdue,
Warner and L. Smith)
(Introduced February 20, 2001; referred to the Committee on
Constitutional Revision then the Judiciary.)
Proposing an amendment to the Constitution of the State of West
Virginia, amending section one-d, 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 two, which proposed amendment is that section
one-d, article ten thereof, be amended to read as follows:
ARTICLE X. TAXATION AND FINANCE.
§1d. 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.