This bill amends the Code of West Virginia to clarify the tax treatment of wind power projects, specifically stating that these projects are not classified as pollution control facilities for certain purposes. The bill introduces new language that defines wind turbines and their towers as real property for taxation purposes, provided that the tower is affixed to the ground. This change aims to ensure that wind power projects are taxed similarly to other real estate rather than as personal property.

Additionally, the bill retains provisions regarding the valuation of wind turbines and towers, which will still be considered personal property for certain aspects of tax assessment. However, it specifies that the value assigned to these facilities for salvage purposes cannot exceed 79 percent of their total value. Overall, the legislation seeks to provide clarity on the classification and taxation of wind power projects, aligning them more closely with real property standards.

Statutes affected:
Introduced Version: 11-6A-5a