Relating to quit claim deeds

Summary

The bill updates West Virginia’s excise‑tax code for real‑property transfers, redefining key terms and changing which transactions are exempt from the tax. It adds new categories of exempt transfers—such as low‑value gifts, family transfers without consideration, certain corporate and LLC reorganizations, and charitable conveyances—while removing some previous exemptions. The changes affect individuals, families, businesses, and nonprofit entities that transfer real property within the state.

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