Relating to valuation of specialized high-technology property

Summary

The bill sets the ad valorem tax value of servers and other tangible personal property used in high‑technology or internet‑advertising businesses at their salvage value, but only when those assets are worth more than $100 million. This lowers the taxable amount for very large tech equipment, potentially reducing tax bills for big tech firms operating in West Virginia. The change is intended to revise how specialized high‑technology property is assessed for tax purposes.

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