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The West Virginia Senate sent a bill removing a sunset provision on the state s gas and oil tax assessment methodology to the governor on Feb. 23, 2024. House Bill 4850 lifts a July 2025 sunset date, but the current methodology has proven unpopular with tax assessors and landowners in gas-producing counties. ....
On Feb. 19, 2024, the West Virginia House of Delegates passed House Bill 4850, which would remove a sunset clause on the state s gas and oil property tax assessment methodology, which has proven controversial despite industry support, sparking claims it has overburdened assessors and short-changed landowners. ....
Only gas and oil industry representatives expressed support for House Bill 4850, which would remove a sunset provision on gas and oil property tax methodology, during a public hearing on the bill. HB 4850 would remove a sunset clause set for next year on the methodology that has drawn criticism that it s unfair to taxpayers. ....
The West Virginia House of Delegates Finance Committee advanced House Bill 4850, which would remove a sunset provision from gas and oil personal property tax. The bill, House Bill 4850, is backed by the Gas and Oil Association of West Virginia, but the methodology it would extend has drawn criticism, including from Wetzel County Assessor Scott Lemley. ....