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WV HB2695

WV HB2695
Raleigh and Mason Counties Economic Opportunity Development Districts

summary

Introduced
02/20/2025
In Committee
04/09/2025
Crossed Over
03/28/2025
Passed
04/12/2025
Dead
Signed/Enacted/Adopted
04/28/2025

Introduced Session

2025 Regular Session

Bill Summary

AN ACT to amend and reenact §7-22-9 of the Code of West Virginia, 1931, as amended, relating to county economic opportunity development districts; authorizing Raleigh County to levy a special district excise tax for the benefit of the Raleigh County Economic Opportunity Development District; authorizing Mason County to levy a special district excise tax for the benefit of the Town of Henderson Economic Opportunity District; and requiring Mason County and Raleigh County to comply with requirements to hold a public hearing, submit a certain application, and receive approval as required by law; and requiring jurisdictions authorized to levy special excise tax to file a detailed annual report.”

AI Summary

This bill amends West Virginia state law to authorize two additional counties, Raleigh and Mason, to establish and levy special district excise taxes for economic development purposes. Specifically, the bill allows Raleigh County to create an Economic Opportunity Development District (EODD) covering approximately 1,600 contiguous acres and Mason County to create an EODD for the Town of Henderson covering approximately 150 contiguous acres. Both counties must follow specific procedural requirements, including holding a public hearing, submitting a detailed application to the West Virginia Development Office, and obtaining approval before implementing the special district excise tax. The bill also mandates that any jurisdiction imposing such a tax must compile and submit a comprehensive annual report by December 31st each year, detailing tax collection, property values, businesses operating in the district, debt information, and projected dissolution dates. This legislation is part of a broader state strategy to support local economic development by allowing targeted tax mechanisms that can help fund infrastructure, attract businesses, and stimulate economic growth in specific designated areas.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (6)

Last Action

Approved by Governor 4/28/2025 (on 04/28/2025)
(1 Companion Bills)

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bill summary

Document Type Source Location
State Bill Page http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2695&year=2025&sessiontype=RS&btype=bill
BillText http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb2695%20sub1%20enr.htm&yr=2025&sesstype=RS&i=2695
hb2695 hfa kelly 4-11 _1 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20hfa%20kelly%204-11%20_1.htm
hb2695 hfat kelly 4-11 adopted http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20hfat%20kelly%204-11%20adopted.htm
hb2695 hfat kelly 4-11 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20hfat%20kelly%204-11.htm
hb2695 s ecd amt _1 4-2 withdrawn http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/com_amends/hb2695%20s%20ecd%20amt%20_1%204-2%20withdrawn.htm
hb2695 s ecd am _1 4-2 adopted http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/com_amends/hb2695%20s%20ecd%20am%20_1%204-2%20adopted.htm
hb2695 s ecd amt _3 4-2 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/com_amends/hb2695%20s%20ecd%20amt%20_3%204-2.htm
hb2695 s ecd amt _2 4-2 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/com_amends/hb2695%20s%20ecd%20amt%20_2%204-2.htm
hb2695 s ecd am _1 4-2 as amended http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/com_amends/hb2695%20s%20ecd%20am%20_1%204-2%20as%20amended.htm
hb2695 sfa jeffries _1 4-11 pulled http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfa%20jeffries%20_1%204-11%20pulled.htm
hb2695 sfa jeffries _1 4-11 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfa%20jeffries%20_1%204-11.htm
hb2695 sfa jeffries _2 4-11 pulled http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfa%20jeffries%20_2%204-11%20pulled.htm
hb2695 sfa jeffries _2 4-11 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfa%20jeffries%20_2%204-11.htm
hb2695 sfat jeffries _4 4-11 pulled http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfat%20jeffries%20_4%204-11%20pulled.htm
hb2695 sfat jeffries _4 4-11 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfat%20jeffries%20_4%204-11.htm
hb2695 sfa jeffries _3 4-11 adopted http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfa%20jeffries%20_3%204-11%20adopted.htm
hb2695 sfa jeffries _3 4-11 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfa%20jeffries%20_3%204-11.htm
hb2695 sfat jeffries _5 4-11 adopted http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfat%20jeffries%20_5%204-11%20adopted.htm
hb2695 sfat jeffries _5 4-11 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20sfat%20jeffries%20_5%204-11.htm
hb2695 hfa mcgeehan 4-11 _1 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20hfa%20mcgeehan%204-11%20_1.htm
hb2695 hfat mcgeehan 4-11 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20hfat%20mcgeehan%204-11.htm
hb2695 s ecd amt _1 4-2 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/com_amends/hb2695%20s%20ecd%20amt%20_1%204-2.htm
hb2695 s ecd am _1 4-2 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/com_amends/hb2695%20s%20ecd%20am%20_1%204-2.htm
BillText http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb2695%20sub1%20eng.htm&yr=2025&sesstype=RS&i=2695
hb2695 hfa riley 3-26 _1 adopted http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20hfa%20riley%203-26%20_1%20adopted.htm
hb2695 hfa riley 3-26 _1 http://www.wvlegislature.gov/legisdocs/chamber/2025/RS/floor_amends/hb2695%20hfa%20riley%203-26%20_1.htm
BillText http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb2695%20sub1.htm&yr=2025&sesstype=RS&i=2695
BillText http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb2695%20intr.htm&yr=2025&sesstype=RS&i=2695
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