Windpower projects will probably receive a break on property taxes from West Virginia | Norton Rose Fulbright
October 1, 2001 |
By Keith Martin in Washington, DC
WINDPOWER PROJECTS will probably receive a break on property taxes from West Virginia.
The state is moving to classify wind turbines and the towers on which they are mounted as a type of pollution control equipment, which means that they would be assessed for property taxes at only their salvage value. The state tax department proposed a rule to that effect for comment in May this year. No comments were received. The tax department “refiled” the “agency approved” rule on July 23. The measure must still be approved by the state legislature. Approval is expected in time to take effect as early as May 2002.
