HB 5405
Designate landowners who own 1,000 or more acres within West Virginia as institutional landowners.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill designates landowners who own 1,000 or more acres in West Virginia as "institutional landowners." It requires these landowners to submit detailed annual reports to the Secretary of State, covering information about their land use, timber value, flood plain acreage, tax revenue, and any carbon offset agreements. The Secretary of State will then report this data to the Joint Standing Committee on Agriculture and Rural Development to assess the impact on the state’s economy and communities.
Key provisions
- Defines ‘institutional landowners’ as those owning 1,000 or more acres in West Virginia.
- Requires annual reports to the Secretary of State detailing land use, timber value, and flood plain acreage.
- Mandates reporting of tax revenue generated from the land.
- Requires reporting of revenues from carbon offset and sequestration agreements.
- Requires reporting of property and other taxes.
- Requires reporting of acreage with less than 15 degree slope every five years.
- Requires reporting of business activity revenues per parcel.
- Requires the Secretary of State to report annual data to the Agriculture Committee.
Who is affected
- Landowners
- West Virginia Landowners (owning 1000+ acres)
- Secretary of State
- Joint Standing Committee on Agriculture and Rural Development
- Rural Communities in West Virginia
Notable changes
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours