summary
Introduced
01/30/2026
01/30/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to reclassify forestry equipment as Class I property to provide tax benefits to forestry businesses by acknowledging forestry as a part of agriculture.
AI Summary
This bill reclassifies forestry equipment as Class I property for property tax purposes, aligning it with agricultural equipment, in order to provide tax benefits to forestry businesses and acknowledge forestry as a vital part of West Virginia's economy, with this change taking effect on July 1, 2026, and also exempts sales and services of this forestry equipment from the state's consumers sales and service tax.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (5)
Last Action
To Finance (on 02/05/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=693&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=956251284 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb693%20intr.htm&yr=2026&sesstype=RS&i=693 |
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