W. Va. Code R. § 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.
Amendment history
5/1/1989
Source: view the official text
Nearby sections (25 sections)
- 110-3-18 · Public And Family Libraries
- 110-3-19 · Property Used For Charitable Purposes, And Not Held Or…
- 110-3-20 · Property Used For Area Economic Development Purposes By…
- 110-3-21 · Real Estate Not Exceeding One Half Acre In Extent, And The…
- 110-3-22 · Property Belonging To Benevolent Associations, Not Conducted…
- 110-3-23 · Property Belonging To Any Public Institution For The…
- 110-3-24 · Charitable Hospitals
- 110-3-25 · House Of Refuge And Lunatic And Orphan Asylums
- 110-3-26 · Homes For Children Or For The Aged, Friendless, Or Infirm,…
- 110-3-27 · Fire Engines And Implements For Extinquishing Fires, And…
- 110-3-28 · Property On Hand To Be Used In The Subsistence Of Livestock…
- 110-3-29 · Household Goods And Personal Effects
- 110-3-30 · Bank Deposits And Money
- 110-3-31 · Household Goods Not Held Or Used For Profit
- 110-3-32 · Personal Effects Not Held Or Used For Profit
- 110-3-33 · Dead Victuals
- 110-3-34 · Property Used For The Public Purposes Of Distributing Water…
- 110-3-35 · Other Property Exempt By Law
- 110-3B-1 · General
- 110-3B-2 · Notice From The Tax Commissioner To The County Assessor And…
- 110-3B-3 · Notice Of Order To Increase Assessments
- 110-3B-4 · Review And Resubmission Of The Property Books By The County…
- 110-3B-5 · Reassessment By Tax Commissioner
- 110-3B-6 · Notice Of Increased Assessment
- 110-3B-7 · Review By County Commission