2025 Regular Session
SB 701
Classifying forestry equipment for levy purposes
In Second Chamber
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill changes how West Virginia classifies forestry equipment for tax purposes. It proposes to reclassify forestry equipment, such as skidders and feller-bunchers, as Class I property, similar to agricultural equipment. This change aims to provide tax benefits to forestry businesses and recognizes forestry as a vital component of West Virginia’s agricultural economy. The bill will take effect on July 1, 2026.
Key provisions
- Forestry equipment (including skidders, feller-bunchers, and loaders) will be classified as Class I property.
- The definition of ‘agriculture’ will be expanded to include forestry.
- The bill recognizes forestry as an essential component of West Virginia’s economy.
- The classification change is intended to provide tax benefits to forestry businesses.
- The bill takes effect on July 1, 2026.
Who is affected
- Forestry businesses
- Property owners utilizing forestry equipment
- The West Virginia Department of Revenue
- The forestry industry
- Agricultural sector
Notable changes
- Forestry equipment, previously potentially taxed differently, will now be treated similarly to agricultural equipment.
- The inclusion of forestry within the definition of agriculture has implications for broader tax policies.
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