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 110-3-35 - Other Property Exempt By Law

Current through Register Vol. XLI, No. 28, July 12, 2024
35.1. Bonds for cost of real estate and
				public buildings and issued under Section
				7-3-1 et seq. of the West
				Virginia Code are exempt from ad valorem property taxation. See W. Va. Code
				'7-3-7.
35.2. Negotiable revenue bonds for acquiring,
				equipping, operating or otherwise supporting or improving certain medical and
				long-term care facilities issued under Section
				7-3-1 et seq. of the West
				Virginia Code are exempt from ad valorem property taxation. See W. Va. Code
				'7-3-14.
35.3. Property of any parks and recreation
				commission created by a county commission in accordance with Section 7-11-1 et
				seq. of the W. Va. Code is exempt from ad valorem property taxation. Bonds,
				notes, debentures and other evidences of indebtedness of such parks and
				recreation commission are exempt from ad valorem property taxation. See W. Va.
				Code '7-11-2.
35.4. Property of county development
				authorities established in accordance with Section 7-12-1 et seq. of the West
				Virginia Code are exempt from ad valorem property taxation. Bonds, notes,
				debentures and other evidence of indebtedness of such authorities are exempt
				from ad valorem property taxation. See W. Va. Code '7-12-10.
35.5. Property of emergency ambulance
				authorities created under Section 7-15-1 et seq. of the West Virginia Code is
				exempt from ad valorem property taxation. Interest on obligations and all
				evidences of indebtedness of any such authority are exempt from ad valorem
				property taxation. See W. Va. Code '7-15-13.
35.6. Property of urban mass transportation
				authorities created under section 8-27-1 et seq. of the West Virginia Code is
				exempt from ad valorem property taxation. See W. Va. Code '8-27-20.
35.7. All real and personal property
				acquired, held and used by an adjoining state in this State pursuant to the
				provisions of Section
				8-28-9
				of the West Virginia Code for acquisition, establishment, construction, lease,
				equipment, improvement, maintenance or operation of an airport exclusively for
				nonprofit public use is exempt from ad valorem property taxation in accordance
				with Section 11 of these regulations. See W. Va. Code '8-28-9.
35.8. Property of regional airport
				authorities created under Section 8-29-1 et seq. of the West Virginia code is
				exempt from ad valorem property taxation. Bonds, notes, debentures and other
				evidences of indebtedness of such authorities are exempt from ad valorem
				property taxation. See W. Va. Code '8-29-13.
35.9. Property of county airport authorities
				created under Section 8-29A-1 et seq. of the West Virginia Code is exempt from
				ad valorem property taxation. Bonds, notes, debentures and other evidences of
				indebtedness of such authorities are exempt from ad valorem property taxation.
				See W. Va. Code '8-29A-13.
35.10. Property of municipal
				building commissions, county building commissions or municipal-county building
				commissions created under Section 8-33-1 et seq. of the West Virginia Code is
				exempt from ad valorem property taxation. Bonds, notes, debentures and other
				evidences of indebtedness of such commissions are exempt from ad valorem
				property taxation. See W. Va. Code '8-33-7.
35.11. Grants of all classes of welfare
				assistance received under the provisions of Chapter 9 of the West Virginia Code
				are exempt from ad valorem property taxation. See W. Va. Code '9-5-1.
35.12. Bonds for payment of costs associated
				with athletic establishments created or acquired in accordance with Section
				10-2A-1 et seq. of the West Virginia Code are exempt from ad valorem property
				taxation. See W. Va. Code '10-2A-10.
35.13. All bonds of the State of West
				Virginia or any political subdivision thereof issued for original indebtedness
				and not for payment of current expenses under Section
				13-1-1 are
				exempt from ad valorem property taxation. See W. Va. Code '13-1-33.
35.14. All bonds of the State of West
				Virginia or of any political subdivision thereof issued under Section '13-2-1
				et seq. of the West Virginia Code for the purpose of refunding bonds are exempt
				from ad valorem property taxation. See W. Va. Code '13-2-8.
35.15. Refunding bonds issued under Section
				13-2A-1 et seq. of the West Virginia Code and the income therefrom are exempt
				from ad valorem property taxation. See W. Va. Code '13-2A-10.
35.16. Industrial development and commercial
				development bond act.
35.16.1. Revenue bonds
				for industrial and commercial development issued pursuant to Section 13-2C-1 of
				the West Virginia Code and the income therefrom are exempt from ad valorem
				property taxation. See W. Va. Code '13-2C-15.
35.16.2. The real and personal property which
				a county commission or a municipality may acquire to be leased, sold or
				otherwise disposed of, according to the provisions of Section '13-2C-1 et seq.
				of the West Virginia Code is exempt from ad valorem property taxation. See W.
				Va. Code '13-2C-15.