Disclaimer: This page provides general informational summaries only and does not constitute legal advice. AI-generated content may contain errors. Always consult a qualified attorney for guidance specific to your situation.
Read full disclaimer →
AI Summary
This bill includes electronic data processing services in the valuation of specialized high-technology property for tax purposes.
Business Impact
If you operate a data center in West Virginia, you must ensure your electronic data processing services are valued correctly for tax purposes.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
What This Means
House Bill 5443 aims to clarify the inclusion of electronic data processing services in the valuation of specialized high-technology property. This includes data center operations and high-performance computing related to digital, blockchain, and AI technologies. Businesses in these sectors should be aware of the implications for property taxation.
Key Provisions
- Includes electronic data processing services in high-technology property valuation.
- Specifies that servers used in high-technology businesses are valued at salvage value.
- Covers data center operations and high-performance computing related to AI and blockchain.
Latest Legislative Action
To Finance
Bill Sponsors (showing 5 of 11)
| Name | Role | District |
|---|---|---|
| Bob Fehrenbacher R | Sponsor | HD-011 |
| Clay Riley R | Sponsor | HD-072 |
| Daniel Linville R | Sponsor | HD-022 |
| Gary Howell R | Sponsor | HD-087 |
| Jarred Cannon R | Sponsor | HD-021 |
Roll Call Votes
H ·
Passed House (Roll No. 197) ·
Feb 15, 2024
94 Yea
1 Nay
5 Other
Passed ✓
Compliance Checklist
Ensure accurate valuation of electronic data processing services for tax purposes.
Who: Businesses operating data centers in West Virginia.
Penalty: Potential tax penalties for incorrect valuation.
Who: Businesses operating data centers in West Virginia.
Penalty: Potential tax penalties for incorrect valuation.
Related & Companion Bills
Full Legal Analysis
House Bill 5443 amends the existing high-technology property valuation statute to explicitly include electronic data processing services as part of the valuation for ad valorem property taxation. This inclusion means that the value of servers and other tangible personal property used in high-technology businesses, particularly those involved in data processing and high-performance computing, will be assessed based on their salvage value. This change is significant for businesses operating in sectors that utilize digital, blockchain, and artificial intelligence technologies, as it clarifies how their property will be taxed. Compliance will be necessary for businesses to ensure accurate valuation and tax reporting. The bill is currently in committee and has not yet been enacted, so businesses should monitor its progress closely to prepare for any changes in tax obligations.
Official Source
Official Bill Text
View HB5443 on official legislature website →
Affected Industries
More West Virginia AI Legislation
SB195
Increasing penalty for second degree murder
Medium
SB720
Stop Non-Consensual Distribution of Intimate Deep Fake Media Act
High
SB741
Prohibiting creation, production, distribution or possession of artif…
High
SB198
Prohibiting creation, production, distribution, or possession of arti…
High
SB170
Stop Non-Consensual Distribution of Intimate Deep Fake Media Act
High
HB5548
Stop Non-Consensual Distribution of Intimate Deep Fake Media Act
Medium
View All WV Laws →
More West Virginia AI Laws
Browse all published AI bills and regulations for West Virginia.