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Bill > HB2884


WV HB2884

Relating to valuation of specialized high-technology property


summary

Introduced
02/24/2025
In Committee
03/03/2025
Crossed Over
Passed
Dead
04/12/2025

Introduced Session

2025 Regular Session

Bill Summary

The purpose of this bill is to repeal the section establishing valuation of specialized high-technology property.

AI Summary

This bill proposes to completely repeal section §11-6J-3 of the West Virginia Code, which currently establishes rules for the valuation of specialized high-technology property. By removing this entire section of law, the bill would eliminate the existing legal framework for how high-technology property (likely referring to complex or specialized technological equipment and infrastructure) is assessed for tax or valuation purposes. The straightforward, one-sentence bill simply states the intent to remove the referenced section without providing additional details about the current valuation method or explaining the rationale behind repealing this specific statute. This type of legislative action could potentially impact how certain high-tech assets are evaluated, which might have implications for taxation, property assessment, or regulatory treatment of specialized technology infrastructure.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

To House Revenue (on 03/03/2025)

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