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WV HB2112

Bill

Official Source

Status

Introduced

2/12/2025

Primary Sponsor

Rick Hillenbrand

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • Adds a new exemption from real property transfer excise taxes for transfers between siblings
  • Removes the existing exemption for property transfers where the value is $100 or less
  • Eliminates the excise tax exemption for gifts to voluntary charitable or educational associations (transfers from or between such organizations remain exempt)
  • Removes the blanket exemption for quitclaim deeds, but maintains an exemption specifically for quitclaim deeds involving oil, gas, and other minerals, as well as corrective deeds without consideration

Legislative Description

Relating to exemptions from excise taxes

Taxation

Last Action

To House Revenue

2/17/2025

Committee Referrals

Revenue2/17/2025
Finance2/12/2025

Full Bill Text

No bill text available