The West Virginia House of Delegates Finance Committee approved a bill, House Bill 4971, which would limit property tax on critical materials, a designation for minerals the United States Department of Energy has deemed essential to energy technology but prone to supply chain disruption. HB 4971 would provide that property tax assessments of critical materials manufacturing equipment would be its salvage value, defined as up to 5% of its fair market value.
The West Virginia House of Delegates Energy and Manufacturing Committee approved a bill, on Feb. 14, 2024, that would allow a tax credit for operating environmental pollution control equipment at coal-fired plants. House Bill 5522 would apply to electric utility-controlled plants.
West Virginia House of Delegates passes gas royalty penalty bill wvgazettemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wvgazettemail.com Daily Mail and Mail on Sunday newspapers.
CHARLESTON, W.Va. (WV News) — The West Virginia House of Delegates passed a bill Friday that would increase the monetary penalty for operators who fail to make timely royalty payments
The West Virginia House of Delegates Energy and Manufacturing Committee advanced legislation in House Bill 5045 designed to help the Department of Environmental Protection obtain primacy over underground carbon dioxide injection wells. The DEP s pursuit of primacy over the federal Class VI program has divided environmentalists who say the agency isn t prepared for the responsibility and carbon sequestration and blue hydrogen proponents who say it would ease permitting and foster economic growth