The bill amends the Code of West Virginia by adding a new section, 11-13MM-8a, which clarifies the payment of ad valorem taxes related to wells. Specifically, it stipulates that if the seat of a well is located in a different county than the property from which the well draws, the taxes should be paid to the county where the property is located, rather than the county where the well seat is situated.

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 tax payment processes and clarify the responsibilities of property owners regarding ad valorem taxes on wells.

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