WV HB3264

Expands the definition of "specialized high-technology property" eligible for reduced property tax valuation to include electronic data processing services

Allows servers and tangible personal property used in data center operations, high-performance computing, blockchain, and artificial intelligence technologies to be valued at salvage value for property tax purposes

Amends West Virginia Code §11-6J-3 to explicitly include hosting and processing of electronic data, complex computation, and algorithm-solving at high speeds within the high-technology business classification

Effectively reduces property tax burden for data centers and companies engaged in digital, blockchain, and AI technologies by valuing their equipment at salvage value rather than market value