WV HB2185

Allows sellers who finance motor vehicle sales directly to collect and remit sales tax incrementally as they receive payments from buyers, rather than paying the full tax amount upfront at the time of sale

Requires the sales tax rate to be applied to each monthly payment throughout the entire loan period, matching the treatment currently used for leased vehicles

Mandates that if a seller transfers, assigns, or factors the financing agreement to another party, all remaining unpaid sales tax becomes due immediately on the total unreported consideration

Permits the Division of Motor Vehicles to pursue the purchaser directly for any unpaid sales tax if the seller fails to collect and remit the required amount

Adds the collected sales tax to the vehicle's sale price, making it a legally recoverable debt from the purchaser to the seller