Tax Exemption for Wind Energy Generation (West Virginia)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Tax Exemption for Wind Energy Generation|
|Incentive Type||Corporate Exemption|
|Energy Category||Renewable Energy Incentive Programs|
|Amount||Reduction of Business and Occupations (BandO) tax from 40% to 12% of generating capacity|
|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|
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.
|Contact Name||Jeff Herholdt|
|Department||West Virginia Division of Energy|
|Address||Bldg. 6, Room 553|
|Address 2||State Capitol Complex|
|Place||Charleston, West Virginia|
|Phone 2||(800) 982-3386|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||W. Va. Code § 11-13-2o|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.