A BILL to amend and reenact §5B-2N-2a and §11-6N-4 of the Code of West Virginia, 1931, as amended; relating to High Impact Data Centers; requiring any monies generated for grid stabilization and maintenance be used to preserve all generation sources; reallocation of any positive tax increment ad valorem property taxes collected from High Impact Datra Centers; and including funding to local school boards and the Public Insurance Financial Stability Fund. (HB 4822, WV)
Last Updated:
Bill Status
Summary:
Reallocates funds from data center property taxes to give 10% to local school board and allow non-coal and gas energy providers to benefit from allocation to Electric Grid Stabilization and Security Fund.
Session:
Current
State / Federal:
Bill Number:
HB 4822
Party of sponsors/cosponsors:
D
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