Designate landowners who own 1,000 or more acres within West Virginia as institutional landowners.

HB 5405 designates landowners owning 1,000 or more acres of land in West Virginia as "institutional landowners" (ILs), excluding public facilities like schools and parks. It requires these ILs to annually submit detailed reports to the Secretary of State about land use, timber value, floodplain acreage, slope data, taxes, and revenues from activities like carbon offsets or recreation. The Secretary of State must then provide an annual summary to the Agriculture Committee, covering land use trends, economic patterns, tax comparisons, and impacts on rural communities. This bill creates a reporting system for large landholdings without changing land ownership rules.