Currents - Energy Industry Insights, Volume 5, Issue 13
By EsqSocial Corporation 29/04/21
WV Legislature Adopts Compromise Amendment to Natural Gas Property Tax Bill - "HB 2581 would provide a revised methodology to value oil and natural gas properties by the State Tax Commissioner in response to a West Virginia Supreme Court of Appeals decision in 2019 that struck down part of the methodology the department uses to value active oil and natural gas well sites." Why this is important: H.B. 2581, as amended, provides a more realistic method of assessing property taxes on natural...
By: Spilman Thomas & Battle, PLLC