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]
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.
Title
Establishing economic incentives for data centers to locate within state
Sponsors
History
Date | Chamber | Action |
---|---|---|
2025-02-24 | Senate | To Economic Development |
2025-02-24 | Senate | Introduced in Senate |
2025-02-24 | Senate | To Economic Development then Finance |
2025-02-24 | Senate | Filed for introduction |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
11 | 13 | 2o | Amended Code | Citation Text |
11 | 15 | 9 | Amended Code | Citation Text |
11 | 6N | 1 | New Code | See Bill Text |
11 | 6N | 10 | New Code | See Bill Text |
11 | 6N | 2 | New Code | See Bill Text |
11 | 6N | 3 | New Code | See Bill Text |
11 | 6N | 4 | New Code | See Bill Text |
11 | 6N | 5 | New Code | See Bill Text |
11 | 6N | 6 | New Code | See Bill Text |
11 | 6N | 7 | New Code | See Bill Text |
11 | 6N | 8 | New Code | See Bill Text |
11 | 6N | 9 | New Code | See Bill Text |