Amount of Credit; limitation on aggregate credit amount

3.1. Credit allowed -- There is a credit allowed against the tax imposed by §11-21-1, et seq., or §11-24-1, et seq., of the West Virginia Code for:

3.1.1. A taxpayer who donates a vehicle to a qualified charitable organization to provide reliable affordable transportation for a low-income worker to commute to his or her employment; or

3.1.2. A dealer in new or used motor vehicles who sells a vehicle at a reduced price to a low-income worker through a program administered by a qualified charitable organization.

3.2. Amount of credit allowed -- The credit allowed under this rule shall be the lesser of $2,000; or

3.2.1. In the case of a vehicle donated by an individual, 50 percent of the program value of the vehicle;

3.2.2. In the case of a vehicle sold by a dealer, 50 percent of the difference between the program value of the vehicle and the reduced sales price.

3.3. The credit allowed under this rule must be applied against the taxpayer's tax liability for the year in which:

3.3.1. In the case of a donation to a qualified charitable organization, the year the vehicle is donated to the organization;

3.3.2. In the case of a sale by a dealer, the year title to the vehicle is transferred to the new owner.

3.4. If any credit remains after the application of the credit against the taxpayer's tax liability for any taxable year, that amount shall be forfeited. No carry-over to a future tax year, or carry-back to a prior tax year, is allowed for any unused portion of the credit.

3.5. The credit allowed under this rule is not refundable.

3.6. The credit allowed under this rule may not be transferred.