Eliminating business and occupation tax exemption for certain coal-fired merchant power plants

Summary

The bill removes the exemption that lets certain older coal‑fired merchant generators avoid West Virginia’s business and occupation tax. Plant owners must either pay tax on the full generating capacity or, if they elect, on 45 % of capacity while keeping the plant running until at least July 2025. If a plant closes or is sold before that date, the tax savings are recaptured.

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