CHARLESTON, W.Va. – Today, State Treasurer Larry Pack issued the following statement, in support of Senate Bill 439:
“The best tax code is one that is simple and fair,” Treasurer Pack said. “There are a number of carve outs throughout our state tax code that benefit one industry and penalize another. Senate Bill 439 is a great first step towards leveling the playing field and ensuring West Virginia isn’t in the business of picking economic winners and losers.”
SB 439 would repeal tax breaks for wind power projects by removing the favorable salvage value in state code. Property tax collections in West Virginia aid counties funding important local services such as schools, law enforcement, and other essential government services.
“West Virginia played a crucial part in fueling the American industrial revolution as an energy state,” Treasurer Pack said. “We must continue to take an all-in energy approach as we try to promote American industries, while lowering energy costs for our citizens. I encourage our lawmakers to pass Senate Bill 439.”
