West Virginia Tax Department Proposes to Amend Motor Vehicle Donation Tax Credit Regulations, With Modifications

The West Virginia State Tax Department Oct. 9 proposed to amend regulations on individual income and corporate income tax credits for the donation of motor vehicles to low-income workers. The proposed amendments are modified following review and comment by the Legislative Rule Making Review Committee. The rules include measures to: 1) explain the credits for the donation of a motor vehicle to, or sale of a vehicle through, a program administered by a charitable organization; 2) clarify that consumer sales tax applies to the transfer of a donated vehicle to the worker by the organization when there is no consideration ...