The bill amends the Code of West Virginia by adding a new section, 11-13MM-8a, which clarifies the payment of ad valorem taxes in situations where the seat of a well is located in a different county than the property from which the well draws. According to the new provision, if a well seat is situated in a different county, the taxes will be paid to the county where the property being drawn from is located, rather than the county of the well seat.

Additionally, the bill provides a definition for "well seat," describing it as the designated point within a drilled wellbore where the casing is cemented in place. This definition emphasizes the importance of the well seat in maintaining the integrity of the wellbore and preventing leaks. Overall, the bill aims to streamline the tax payment process and ensure clarity regarding the jurisdiction for ad valorem taxes related to wells.

Statutes affected:
Introduced Version: 11-13MM-8
Committee Substitute: