The bill amends the Code of West Virginia to authorize specific county commissions to levy special district excise taxes for designated economic opportunity development districts. Notably, Raleigh County is permitted to impose such a tax for the Raleigh County Economic Opportunity Development District, while Mason County can do so for the Town of Henderson Economic Opportunity District. Both counties must adhere to requirements that include holding public hearings, submitting applications, and obtaining necessary approvals from the West Virginia Development Office.

Additionally, the bill mandates that any jurisdiction that levies a special district excise tax must compile and submit an annual report detailing various financial metrics, including tax collections, property values, and business operations within the district. This report must be filed with several state officials by December 31 following the end of the fiscal year. The legislation aims to ensure transparency and accountability in the use of funds generated from these special taxes.

Statutes affected:
Introduced Version: 7-22-9
Committee Substitute: 7-22-9
Engrossed Committee Substitute: 7-22-9
Enrolled Committee Substitute: 7-22-9