Bill > SB535

This bill authorizes the Raleigh County Commission to establish a special district excise tax within a new Economic Opportunity Development District (EODD) spanning approximately 1,600 acres. The bill adds a sixth provision to an existing law that allows county commissions to create economic development districts with special taxation powers. Specifically, the Raleigh County EODD must comply with certain procedural requirements, including holding a public hearing as outlined in §7-22-6 and obtaining written approval from the Secretary of Commerce instead of the typical development office executive director approval. Additionally, if the proposed district overlaps with any municipal boundaries, the bill requires written approval from the affected municipality to capture and utilize municipal home rule tax for the special district. This legislation is part of a broader state strategy that allows county commissions to levy special taxes in designated economic development areas, with the intent of promoting economic growth and development by providing financial incentives and resources to specific geographic regions.

Business and Industry

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=535&year=2025&sessiontype=RS&btype=bill