WV HB3200

Allows vehicle buyers to deduct the value of a privately sold vehicle from the taxable sale price of a newly purchased vehicle, provided the private sale occurs within seven days of the new vehicle's title application

Requires a notarized bill of sale showing the sold vehicle to be presented with the title application to qualify for the tax deduction

Limits each sold vehicle to being used for only one exchange/deduction

Maintains the 6% motor vehicle sales tax rate (increased from 5% as of July 1, 2017) while expanding the trade-in deduction beyond traditional dealer exchanges to include private party sales