W. Va. Code R. § 110-3-30

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 110-3-30 - Bank Deposits And Money

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.