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Justice signs gas and oil tax valuation bill into law | Legislative Session

Gov. Jim Justice has signed into law, on March 27, 2024, legislation to remove a sunset provision on West Virginia gas and oil tax assessment methodology backed by the industry but unpopular with landowners and tax officials in gas-producing counties. The law, House Bill 4850, eliminates a sunset provision that was slated to go into effect July 1, 2025. ....

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Bill killing sunset on gas/oil property tax goes to Justice | Legislative Session

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. ....

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WV House approves nixing gas and oil property tax sunset | Legislative Session

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. ....

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