Relating to establishing economic incentives for data centers to locate within the state

HB 3137 creates tax incentives to attract data center operators to West Virginia by offering property tax exemptions and credits for facilities powered by coal-generated electricity. The bill directly affects data center developers and operators, requiring them to use electricity from West Virginia coal-fired power plants to qualify. Key provisions include defining eligibility criteria, establishing a streamlined application process, and requiring compliance to maintain tax benefits. The legislation aims to boost economic growth by drawing private investment, creating jobs in construction and technology, and supporting the state's coal industry.