Bill Text: WV HB4517 | 2018 | Regular Session | Introduced
Bill Title: Relating to assessment value of wind turbines
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2018-02-13 - To House Energy [HB4517 Detail]
Download: West_Virginia-2018-HB4517-Introduced.html
WEST virginia Legislature
2018 regular session
Introduced
House Bill 4517
By Delegates Ward, Paynter and Jennings
[Introduced February 13,
2018; Referred
to the Committee on Energy then Finance.]
A BILL to amend and reenact §11-6A-5a of the Code of West Virginia, 1931, as amended, relating to assessment value of wind turbines; permitting counties to assess wind turbines from salvage value to true and actual value.
Be it enacted by the Legislature of West Virginia:
ARTICLE 6A. POLLUTION CONTROL FACILITIES TAX TREATMENT.
§11-6A-5a. Wind power projects.
(a) Notwithstanding any other provisions of this article, a power project designed, constructed or installed to convert wind into electrical energy shall be subject to the provisions of this section.
(b) Each wind turbine installed at a wind power
project and each tower installed at a wind-power project upon which the
a turbine is affixed shall be considered to be personal property that is
a pollution control facility for purposes of this article and, subject to an
allocation of the value of project property determined by the Tax Commissioner
in accordance with this section, all of the value associated with the wind
turbine and tower shall be accorded salvage valuation: Provided,
That the portion of the total value of the facility assigned salvage value in
accordance with this section shall, on and after July 1, 2007, be no greater
than seventy-nine percent of the total value of the facility. All personal
property at a wind power project other than a wind turbine and tower
shall not be accorded salvage valuation and shall not be considered to be
personal property that is a pollution control facility. Beginning July 1,
2019, counties may, at their discretion, assess wind turbines installed at wind
power projects located within their boundaries at value ranging from salvage value
to actual value. For purposes of this section, "wind turbine and
tower" is limited to: “wind turbine” means the rotor,
consisting of the blades and the supporting hub; the drive train, which
includes the remaining rotating parts such as the shafts, gearbox, coupling, a
mechanical brake and the generator; the nacelle and main frame, including the
wind turbine housing, bedplate and the yaw system; the turbine transformer; and
the machine controls. the tower; and the tower foundation
NOTE: The purpose of this bill is to permit counties to assess wind turbines in wind power projects at values ranging from salvage value to true and actual value.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.
