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WV SB701

Bill

Official Source

Status

Engrossed

4/1/2025

Primary Sponsor

Jack Woodrum

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Classifies forestry equipment as Class I property for property tax purposes, placing it in the same category as agricultural equipment
  • Defines forestry equipment to include skidders, feller-bunchers, forwarders, cable yarders, forestry processors, dozers, loaders, trailers, and other machinery used primarily in forestry operations
  • Expands the definition of agriculture to expressly include forestry, encompassing cultivation, harvesting, and processing of forest products
  • Recognizes forestry as a component of agriculture essential to West Virginia's economy
  • Effective date of July 1, 2025

Legislative Description

Classifying forestry equipment for levy purposes

Taxation

Last Action

To House Finance

4/2/2025

Committee Referrals

Finance4/2/2025
Finance3/13/2025
Natural Resources3/5/2025

Full Bill Text

No bill text available