Tax Exemption for Wind Energy Generation (West Virginia)

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Summary

Last modified on December 17, 2014.

Financial Incentive Program

Place West Virginia

Name Tax Exemption for Wind Energy Generation
Incentive Type Corporate Exemption
Applicable Sector Utility
Eligible Technologies Wind
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Reduction of Business and Occupations (BandO) tax from 40% to 12% of generating capacity







Start Date 7/2001


















Program Administrator West Virginia Division of Energy

Date added to DSIRE 2001-09-12
Last DSIRE Review 2013-04-22



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

In March 2007, West Virginia enacted legislation (SB 441) amending its tax law concerning the business and operation (B&O) tax for wind turbines. Although SB 441 increased the taxable value of wind turbine generating capacity, the taxation level is still significantly lower than that of most other types of electricity generation. For most types of newly constructed electricity-generating units, the B&O tax is calculated by multiplying a pre-determined dollar amount by 40% of the nameplate capacity rating of the generating unit. However, the B&O tax on wind turbines is multiplied by only 12% of the nameplate capacity rating. This results in an effective B&O tax rate on wind powered turbines that is about 30% of the effective tax rate of most other types of newly constructed generating units.


Incentive Contact

Contact Name Jeff Herholdt
Department West Virginia Division of Energy

Address Bldg. 6, Room 553
Address 2 State Capitol Complex
Place Charleston, West Virginia
Zip/Postal Code 25305-0311
Phone (304) 558-2234
Phone 2 (800) 982-3386

Email Jeff.h.herholdt@wv.gov
Website http://www.energywv.org
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: W. Va. Code § 11-13-2o
Date Effective 7/2001
Date Enacted 5/2001



















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency"