West Virginia Governor Vetoes Bill on Property Taxes Paid on Antique/Classic Motor Vehicles

Update
 

• A bill (H.B. 4068) to provide a cap on property taxes paid by owners of antique and classic motor vehicles was vetoed by Governor Early Ray Tomblin due to a technical issue.  The bill had been amended and approved by the West Virginia State Legislature with a new $5,000 assessed value for all of these cars.  Previous versions of the bill contained an assessed value provision of $1,000.  Generally, the bill vetoed by the governor benefited antique and classic vehicle owners whose cars are worth more than $5,000.  However, it would have penalized most antique and classic vehicle owners whose cars are worth less than $5,000.  The Legislature chose not to call an additional vote on the bill in an attempt to override the veto.

  For or against, thanks to all who communicated their opinions to Governor Tomblin on this matter.

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