HB 2695
Raleigh and Mason Counties Economic Opportunity Development Districts
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill authorizes specific West Virginia counties – Ohio, Harrison, Monongalia, Jefferson, and Mercer – to levy a special district excise tax. However, it specifically grants Raleigh County the authority to levy a similar tax for the Raleigh County Economic Opportunity Development District, subject to certain requirements including a public hearing and approval from the Secretary of Commerce. The bill establishes districts encompassing specific acreage and sets time limits for district abolition, with exceptions for certain districts.
Key provisions
- Authorizes Raleigh County to levy a special district excise tax for the Raleigh County Economic Opportunity Development District.
- Specifies acreage limits for each authorized economic opportunity development district.
- Establishes time limits for the abolition of certain districts.
- Requires public hearings and approvals from the Secretary of Commerce and/or the West Virginia Development Office for district creation and tax levy.
- Allows Jefferson County to establish the district and tax rate without Development Office approval.
- Requires written approval from municipalities if a district overlaps municipal boundaries.
- Addresses potential overlap of districts with municipal boundaries.
- Provides for a process for determining base tax revenue amounts.
Who is affected
- Raleigh County Residents
- Businesses operating within the specified economic opportunity development districts
- Local governments (Ohio, Harrison, Monongalia, Jefferson, and Mercer Counties)
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