West Virginia SB623 establishes economic incentives for data centers to locate within the state.

West Virginia SB623 aims to create economic incentives for data centers to locate within the state. The bill provides targeted incentives, including special property tax treatment and sales tax exemptions for qualifying data centers. To qualify, data centers must be located within West Virginia, make a new capital investment of at least $50 million, create at least 50 new jobs, and use coal-generated electricity for at least 80% of their primary operational capacity. The bill also exempts coal-generated electricity sold to qualifying data centers from the business and occupation tax.

West Virginia SB623 establishes economic incentives for data centers to locate within the state.

West Virginia SB623 aims to create economic incentives for data centers to locate within the state. The bill provides targeted incentives, including special property tax treatment and sales tax exemptions for qualifying data centers. To qualify, data centers must be located within West Virginia, make a new capital investment of at least $50 million, create at least 50 new jobs, and use coal-generated electricity for at least 80% of their primary operational capacity. The bill also exempts coal-generated electricity sold to qualifying data centers from the business and occupation tax.