To redirect data center tax revenue to PEIA, counties, and schools

HB 4822 redirects tax revenue from "High Impact Data Centers" (as defined under West Virginia law) to three specific recipients: the Public Employees Insurance Association (PEIA) fund, local counties, and public school boards. The bill amends tax distribution rules to require that incremental property tax revenue from these data centers - calculated using a new formula based on assessed value and levy rates - be reallocated instead of following previous distribution methods. This change directly affects data centers certified as "High Impact" under §11-6N-2, ensuring their tax contributions support state health insurance programs, county services, and school funding. The policy shift replaces prior tax allocation rules with a fixed distribution structure for these facilities.