West Virginia legislation · 2026 Regular Session
West Virginia HB5340: Establishing a new classification for managed timberland leased for substantial income
Status: Introduced, February 9, 2026
What the bill says
To amend and reenact §11-1C-2 and §11-1C-11a of the Code of West Virginia, 1931, as amended, relating to establishing a new classification for managed timberland leased for carbon credits. Article 1C. Fair and Equitable Property Valuation. §11-1C-2. Definitions. For the purposes of this article, the following words shall have the meanings hereafter ascribed to them unless the context clearly indicates otherwise: (a) "Timberland" means any surface real property except farm woodlots of not less than 10 contiguous acres which is primarily in forest and which, in consideration of their size.
From the introduced text, February 9, 2026:
A BILL to amend and reenact §11-1C-2 and §11-1C-11a of the Code of West Virginia, 1931, as amended, relating to establishing a new classification for managed timberland leased for carbon credits. Article 1C. Fair and Equitable Property Valuation. §11-1C-2. Definitions. For the purposes of this article, the following words shall have the meanings hereafter ascribed to them unless the context clearly indicates otherwise: (a) "Timberland" means any surface real property except farm woodlots of not less than 10 contiguous acres which is primarily in forest and which, in consideration of their size, has sufficient numbers of commercially valuable species of trees to constitute at least 40 percent normal stocking of forest trees which are well distributed over the growing site. (b) "Managed timberland" means surface real property, except farm woodlots, of not less than ten contiguous acres which is devoted primarily to forest use and which, in consideration of their size, has sufficient numbers of commercially valuable species of trees to constitute at least 40 percent normal stocking of forest trees which are well distributed over the growing site and that is managed pursuant to a plan provided for in section ten of this article: Provided, That any tract or parcel of real estate, regardless of its size, which is subject to contract, agreement, a deed restriction, deed covenant, or …