FISCAL NOTE
Date Requested: January 21, 2026
Time Requested: 04:40 PM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1131 |
Introduced |
HB4684 |
|
|---|
| CBD Subject: |
|
|---|
|
FUND(S):
General Revenue Fund
Sources of Revenue:
General Fund
Legislation creates:
Increases Revenue From Existing Sources, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to eliminate the tax credit for solar, wind, or other renewable energy systems for corporate or other entities. It also provides restrictions for maintaining renewable energy systems.
This bill would eliminate any tax credits allowed for corporations or other entities for renewable energy systems, except for personal taxpayers with a residential renewable energy system. It would provide that no corporate or other entity taxpayer may take a credit for a solar energy system installed after July 1, 2025. Because this bill fails to adequately define “subsidies or tax breaks,” we are unable to provide an accurate fiscal estimate for this bill.
Administrative costs incurred by the Tax Division would be $1,100 in FY 2026.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
1,100 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
1,100 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
This bill would eliminate any tax credits allowed for corporations or other entities for renewable energy systems, except for personal taxpayers with a residential renewable energy system. It would provide that no corporate or other entity taxpayer may take a credit for a solar energy system installed after July 1, 2025. Because this bill fails to adequately define “subsidies or tax breaks,” we are unable to provide an accurate fiscal estimate for this bill.
Administrative costs incurred by the Tax Division would be $1,100 in FY 2026.
Memorandum
The stated purpose of this bill is to eliminate the tax credit for solar, wind, or other renewable energy systems for corporate or other entities. It also provides restrictions for maintaining renewable energy systems.
Section three of the new article instructs the Tax Commissioner to promulgate legislative rules “regarding the elimination of this tax credit only as it applies to corporations, or other green new deal entities for renewable energy systems, and providing that no corporate or other entity taxpayer may take a credit pursuant to this article for a solar energy system installed after July 1, 2025” (emphases added). Reference to “this tax credit” is unclear, as the bill does not establish any tax credit. Reference to “a credit pursuant to this article” is likewise unclear. The term “solar energy system” is undefined, and mention of solar energy without mention of other renewable energy systems creates the impression that the prohibition applies only to solar energy systems (however those may be defined), and not to other renewable energy systems.
The bill states that the rules promulgated by the Tax Commissioner may not eliminate “the tax credit for individual taxpayers with a residential renewable energy system” without providing a citation reference to the tax credit referred to.
Person submitting Fiscal Note: Mark Muchow
Email Address: RADfiscal@wv.gov