Establishing economic incentives for data centers to locate within state

Senate Bill 583, titled the "West Virginia-Powered Data Center Incentive Act," provides property tax exemptions for new data centers meeting specific eligibility criteria and a tax credit for coal-fired electric utilities supplying them. Data centers must apply for these incentives and maintain compliance to continue receiving benefits. The bill aims to attract data center investments to West Virginia, which the state expects will create jobs and boost economic growth while supporting coal-powered electricity infrastructure. It establishes clear application processes, eligibility rules, and compliance requirements for both data centers and utilities.