WV SB623

Creates the "West Virginia-Powered Data Center Incentive Act" requiring qualifying data centers to invest at least $50 million, create 50+ jobs, and use coal-generated electricity for at least 80% of primary operational capacity

Grants qualifying data centers special property tax treatment where all personal property is assessed at salvage value (the lower of fair market salvage value or 5% of total facility value)

Exempts qualifying data centers from state consumer sales and use tax on purchases and exempts coal-fired power plants from business and occupation tax on electricity sold to qualifying data centers

Requires data centers to be powered by electricity where at least 75% is derived from coal burned at plants using West Virginia coal or located within the state

Imposes recapture provisions requiring repayment of all benefits claimed during the prior three tax years if the data center ceases operations, fails to meet coal electricity requirements, or falls below the job creation threshold within five years