Eliminates tax credits for corporations and other entities on solar, wind, and other renewable energy systems in West Virginia.

West Virginia HB4684 eliminates tax credits for corporations and other entities on solar, wind, and other renewable energy systems. The bill mandates that corporations or other entities must set back renewable energy systems at least one mile from residential homes and maintain $400 million in liability insurance per 100 acres for cleanup and restoration in case of disasters. The State Tax Commissioner is tasked with promulgating rules to implement these changes, ensuring that personal taxpayers with residential renewable energy systems are not affected.

Eliminates tax credits for corporations and other entities on solar, wind, and other renewable energy systems in West Virginia.

West Virginia HB4684 eliminates tax credits for corporations and other entities on solar, wind, and other renewable energy systems. The bill mandates that corporations or other entities must set back renewable energy systems at least one mile from residential homes and maintain $400 million in liability insurance per 100 acres for cleanup and restoration in case of disasters. The State Tax Commissioner is tasked with promulgating rules to implement these changes, ensuring that personal taxpayers with residential renewable energy systems are not affected.