WVC 11 - 6 C- 5
§11-6C-5. Intent of this article; Tax Commissioner to promulgate
(a) This article is adopted to address the lack of uniformity,
audit difficulties and business management issues arising in this
state with respect to the assessment of the personal property held
as new and used dealer vehicle inventory, daily passenger rental
car inventory, dealer motorboat inventory, farm equipment dealers
inventory or house trailer and factory-built homes inventory.
Accordingly, the Legislature finds and declares that the adoption
of this article will provide a more reliable and uniform method of
determining market value of dealer vehicle inventory, daily
passenger rental car inventory, dealer motorboat inventory, farm
equipment dealers inventory or house trailer and factory-built
homes inventory; minimize audit problems associated with such
property; provide a predictable revenue stream for levying bodies;
maximize the owner's ability to manage inventory; and provide clear
guidance to local authorities by superseding the wide variety of
otherwise lawful appraisal methods now in use in this state.
(b) The Tax Commissioner shall have the power to promulgate
such rules as may be necessary to implement the provisions of this
Note: WV Code updated with legislation passed through the 2016 Regular Session
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