Push Continues for Ethane Cracker in W.Va. - WTRF 7 News Sports Weather - Wheeling Steubenville

Push Continues for Ethane Cracker in W.Va.

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Keith Burdette, West Virginia secretary of commerce and head of the West Virginia Development Office, says he may ask the Legislature to consider an incentive plan that would nearly eliminate personal property taxes on crackers and related developments that involve an investment of $2 billion or more.

Existing law allows the state to reduce the personal property tax rate to 5 percent for a maximum of 10 years. Burdette says he may ask the Legislature to extend that cut to 25 years.

West Virginia Senate President Jeff Kessler (D-Marshall County) says several things come into play because West Virginia is trying to land one or perhaps two ethane crackers to take advantage of development of Marcellus shale gas fields.