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 approval from the West Virginia Development Office. The bill also outlines the need for detailed annual reports from jurisdictions that impose these taxes, which must include information on tax collections, property assessments, and business operations within the districts.

Additionally, the bill emphasizes that no county commission can levy a special district excise tax without explicit legislative authorization, ensuring that each proposed economic development district is considered individually. This approach aims to protect the General Revenue Fund of the state by ensuring that the impact of these taxes is carefully evaluated. The legislation is set to take effect 90 days after its passage, on July 11, 2025.

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