Bill > SB652

This bill modifies how property tax revenues collected from "high impact data centers" (large data center facilities) are distributed, specifically changing the allocation of the "tax increment," which is the additional tax revenue generated by the increased value of the data center property. Starting July 1, 2025, 80% of this tax increment will be sent directly to the county where the data center is located, a significant increase from the previous 50% allocation. The remaining 20% of the tax increment will be distributed with 10% going to all counties on a per capita basis, 5% to an Economic Enhancement Grant Fund, and 5% to an Electric Grid Stabilization and Security Fund. This bill also removes a provision that previously directed 50% of the tax increment to a Personal Income Tax Reduction Fund and revises how that fund is financed, now relying on legislative appropriations rather than data center tax revenue.

Business and Industry

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=652&year=2026&sessiontype=RS&btype=bill