Establishing economic incentives for data centers to locate within state

This bill, the "West Virginia-Powered Data Center Incentive Act," creates tax incentives to attract data centers to locate in West Virginia, targeting facilities that will use coal-generated electricity. It establishes eligibility criteria, property tax exemptions, and an application process for qualifying data centers, while requiring compliance with program terms. The incentives aim to stimulate economic growth, create high-quality jobs in construction and technology, and support the state's coal energy infrastructure. The bill includes recapture provisions if data centers fail to maintain compliance with the program requirements.