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WV HB2706

Bill

Official Source

Status

Introduced

2/20/2025

Primary Sponsor

Trenton Barnhart

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • Requires ad valorem taxes on oil and gas extraction to be paid to the county where the mineral property is physically located, not the county where the well pad sits
  • Addresses situations where horizontal drilling allows a well pad in one county to extract resources from property in a different county
  • Amends the West Virginia Property Tax Adjustment Act by adding a new section (§11-13MM-8A) to clarify tax jurisdiction
  • Ensures tax revenue flows to the county containing the subsurface minerals rather than the county with the surface drilling equipment

Legislative Description

Providing that ad valorem taxes on oil and gas mineral rights shall only be assessed in the county where the property is physically located, regardless of where the well pad is located

Taxation

Last Action

To House Finance

2/20/2025

Committee Referrals

Finance2/20/2025

Full Bill Text

No bill text available