WV SB583 | 2025 | Regular Session

Status

Spectrum: Strong Partisan Bill (Republican 11-1)
Status: Introduced on February 24 2025 - 25% progression
Action: 2025-02-24 - To Economic Development
Pending: Senate Economic Development Committee
Text: Latest bill text (Introduced) [HTML]

Summary

The purpose of this bill is to create economic incentives for data centers to locatewithin the state and further stimulate the state's economy by relying on locally sourced coal-generated electricity. The bill provides salvage value treatment for personal propertyused by qualifying data centers; an exemption from the B&O tax for all coal-generated electricity sold to qualifying data centers; and provides a sales tax exemption for all personal property sold to and used in the construction or maintenance of a qualifying data center.

Tracking Information

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Title

Establishing economic incentives for data centers to locate within state

Sponsors


History

DateChamberAction
2025-02-24SenateTo Economic Development
2025-02-24SenateIntroduced in Senate
2025-02-24SenateTo Economic Development then Finance
2025-02-24SenateFiled for introduction

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
11132oAmended CodeCitation Text
11159Amended CodeCitation Text
116N1New CodeSee Bill Text
116N10New CodeSee Bill Text
116N2New CodeSee Bill Text
116N3New CodeSee Bill Text
116N4New CodeSee Bill Text
116N5New CodeSee Bill Text
116N6New CodeSee Bill Text
116N7New CodeSee Bill Text
116N8New CodeSee Bill Text
116N9New CodeSee Bill Text

West Virginia State Sources


Bill Comments

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