West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-03 - Exemption Of property from ad valorem property taxation
Section 110-3-30 - Bank Deposits And Money
Universal Citation: 110 WV Code of State Rules 110-3-30
Current through Register Vol. XLI, No. 38, September 20, 2024
30.1. All bank deposits and money (including cash) are exempt from ad valorem property tax. W. Va. Const. Art. X, '1a.
30.2. Individual coin collections are treated as cash and exempt, unless the collection is being held or maintained for the purpose of future profit. In such case, the collection is valued as tangible personal property and only the value in excess of face value of coins which are U.S. Money is subject to taxation.
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