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WV SB730

Bill

Status

Introduced

3/10/2025

Primary Sponsor

Eric Tarr

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Establishes a Forest Carbon Registry administered by the Division of Forestry to track all carbon offset agreements and projects affecting West Virginia forestlands

  • Requires registration to include property legal descriptions with tax map and lot numbers, GIS shapefiles of boundaries, names and contact information of landowners/developers/purchasers, execution dates, and duration of forest management obligations

  • Places recording responsibility on carbon project developers, or on landowners only when they directly sell carbon offsets without a developer, with a 60-day deadline after executing agreements

  • Requires existing carbon offset agreements to be filed with county courthouses by July 1, 2027, in a manner ensuring visibility during title searches

  • Imposes civil penalties for noncompliance: $2,500 for first offense, $5,000 for second offense, and permanent suspension of West Virginia business license for subsequent offenses, with penalties deposited into the division's operating fund

Legislative Description

Establishing Forest Carbon Registry

Environment

Last Action

Rejected by Senate (Roll No. 285)

4/2/2025

Committee Referrals

Finance3/24/2025
Energy, Industry and Mining3/10/2025

Full Bill Text

No bill text available