Tax Exemption for Wind Energy Generation (West Virginia)

Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place	West Virginia
Name	Tax Exemption for Wind Energy Generation
Incentive Type	Corporate Exemption
Applicable Sector	Utility
Eligible Technologies	Wind
Active Incentive	Yes
Implementing Sector	State/Territory
Energy Category	Renewable Energy Incentive Programs
Amount	Reduction of Business and Occupations (BandO) tax from 40% to 12% of generating capacity
Start Date	7/2001
Program Administrator	West Virginia Division of Energy
References	DSIREDatabase of State Incentives for Renewables and Efficiency

Summary

In March 2007, West Virginia enacted legislation (SB 441) amending its tax law concerning the business and operation (B&O) tax for wind turbines. Although SB 441 increased the taxable value of wind turbine generating capacity, the taxation level is still significantly lower than that of most other types of electricity generation. For most types of newly constructed electricity-generating units, the B&O tax is calculated by multiplying a pre-determined dollar amount by 40% of the nameplate capacity rating of the generating unit. However, the B&O tax on wind turbines is multiplied by only 12% of the nameplate capacity rating. This results in an effective B&O tax rate on wind powered turbines that is about 30% of the effective tax rate of most other types of newly constructed generating units.

Incentive Contact

Contact Name	Jeff Herholdt
Department	West Virginia Division of Energy
Address	Bldg. 6, Room 553
Address 2	State Capitol Complex
Place	Charleston, West Virginia
Zip/Postal Code	25305-0311
Phone	(304) 558-2234
Phone 2	(800) 982-3386
Email	Jeff.h.herholdt@wv.gov
Website	http://www.energywv.org

Authorities (Please contact the if there are any file problems.)

Authority 1:	W. Va. Code § 11-13-2o
Date Effective	7/2001
Date Enacted	5/2001

• Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.