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

The intent of this legislation is to eliminate any confusion regarding tax payments for oil and gas extraction operations that span multiple counties, ensuring that the appropriate county receives the tax revenue based on the location of the property rather than the well pad. This clarification is expected to streamline tax processes and provide clear guidance for property owners and operators in the oil and gas industry.

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