HB 2713
Relating to Pollution Control Facilities Tax treatment and Wind Power Projects
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill clarifies that wind power projects in West Virginia are not considered pollution control facilities for tax purposes. It specifies that wind turbines and towers associated with these projects should be treated as real property, subject to the real property tax rate, rather than personal property. The bill also outlines specific components of a wind turbine and tower that are included in the definition of ‘wind turbine and tower’ for tax valuation purposes.
Key provisions
- Wind power projects are explicitly excluded from being classified as pollution control facilities.
- Wind turbines and towers at wind power projects are to be taxed as real property.
- A salvage valuation of no more than 79% is applied to wind turbines and towers.
- Specific components of wind turbines and towers (rotor, drive train, nacelle, tower, etc.) are defined for tax purposes.
- The Tax Commissioner will determine the allocation of value between project property and salvage value.
Who is affected
- Wind power project developers
- Property owners of wind power projects
- The West Virginia Department of Revenue
- Taxpayers in West Virginia
Notable changes
- Previously, wind power projects were potentially subject to the same tax treatment as pollution control facilities.
- This bill establishes a specific tax rate (real property rate) for wind power projects.
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