Classifies forestry equipment as Class I property for tax purposes in West Virginia.

This bill amends the West Virginia Code to classify forestry equipment as Class I property, aligning it with agricultural equipment. This change aims to support the forestry industry by providing tax benefits. Effective July 1, 2026, forestry equipment used in harvesting, processing, and transporting forest products will be exempt from the consumers sales and service tax. The definition of forestry equipment includes skidders, feller-bunchers, forwarders, and other machinery primarily used in forestry operations.

Classifies forestry equipment as Class I property for tax purposes in West Virginia.

This bill amends the West Virginia Code to classify forestry equipment as Class I property, aligning it with agricultural equipment. This change aims to support the forestry industry by providing tax benefits. Effective July 1, 2026, forestry equipment used in harvesting, processing, and transporting forest products will be exempt from the consumers sales and service tax. The definition of forestry equipment includes skidders, feller-bunchers, forwarders, and other machinery primarily used in forestry operations.