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WV HB3264

WV HB3264: Relating to the ad valorem property valuation of specialized high-technology property Verified

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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 amends property valuation laws to include data center operations and high-performance computing related to AI and blockchain technologies.

Business Impact

If you operate a data center using AI technologies in West Virginia, you must ensure your property is valued correctly for tax purposes.

State
West Virginia
Bill Number
HB3264
Status
Introduced
Risk Level
Medium
Category
Amendment
Last Action
Mar 7, 2025
Last Verified
May 19, 2026
Data Updated
May 20, 2026
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

Artificial Intelligence Data Centers Technology

What This Means

House Bill 3264 seeks to modernize the ad valorem property valuation for specialized high-technology properties in West Virginia. It specifically includes operations related to electronic data processing, high-performance computing, and technologies like AI and blockchain. This bill will impact businesses that utilize these technologies, ensuring they are recognized under the state's property tax laws.

Key Provisions

Latest Legislative Action

To House Finance

Bill Sponsors

Name Role District
Sponsor HD-022
Sponsor HD-055
Sponsor HD-021

Compliance Checklist

Ensure property valuation reflects new high-technology definitions.
Who: Businesses operating data centers using AI technologies.
Penalty: Potential financial implications from incorrect property tax assessments.

Related & Companion Bills

West Virginia HB5443 — Clarifying that electronic data processing services are to …

Full Legal Analysis

House Bill 3264 proposes amendments to the existing property valuation statute for specialized high-technology properties in West Virginia. The bill aims to include the hosting and processing of electronic data as part of data center operations, particularly emphasizing high-performance data computing that involves complex computations and algorithms associated with digital, blockchain, and artificial intelligence technologies. This inclusion is significant as it recognizes the evolving nature of technology and its implications for property valuation and taxation. Compliance will be necessary for businesses operating within these technological realms to ensure they are accurately assessed for property taxes. This legislative change aligns with similar efforts in other states to adapt tax codes to modern technological advancements.

Official Source


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