The bill amends the Code of West Virginia to authorize the Berkeley County Commission to levy a special district excise tax for the Berkeley County Economic Opportunity Development District, which encompasses approximately 275 contiguous acres. This insertion allows Berkeley County to implement a tax on sales of tangible personal property and services within the district, provided that the county holds a public hearing and submits the necessary applications to the West Virginia Development Office. The bill also outlines the requirements for other county commissions to levy similar taxes for their respective economic opportunity development districts, ensuring that each proposal is individually considered by the Legislature.

Additionally, the bill mandates that any jurisdiction imposing a special district excise tax must compile and submit an annual report detailing the tax collected, property values, businesses operating within the district, and information regarding any associated debts. This report is to be filed with various state officials and committees, ensuring transparency and accountability in the management of the special district excise tax revenues.

Statutes affected:
Introduced Version: 7-22-9
Engrossed Version: 7-22-9