This bill amends the Code of West Virginia to authorize the Mason County Commission to levy a special district excise tax for the benefit of the Town of Henderson Economic Opportunity District, which encompasses approximately 3,854 contiguous acres. The bill allows the Mason County Commission to create this district and impose the excise tax without needing approval from the executive director of the development office. Additionally, the commission is granted the authority to determine various tax revenue amounts, including the base district tax and estimated net annual district tax revenue, with the requirement that the Tax Commissioner provide certification of the base tax revenue amount within 30 days of the request.

The legislation also includes provisions similar to those granted to other county commissions, such as the ability to levy special district excise taxes for various economic opportunity development districts across the state. The bill emphasizes the need for legislative authorization for each economic opportunity development district to ensure that the special district excise taxes do not adversely impact the General Revenue Fund of the state. Overall, the bill aims to enhance economic development in Mason County and the Town of Henderson by providing the necessary tax authority to support local initiatives.

Statutes affected:
Introduced Version: 7-22-9