WV HB2695

Authorizes Raleigh County Commission to levy a special district excise tax for the Raleigh County Economic Opportunity Development District, comprising approximately 1,600 contiguous acres of land

Authorizes Mason County Commission to levy a special district excise tax for the Town of Henderson Economic Opportunity District, comprising approximately 150 contiguous acres of land

Requires both Raleigh and Mason Counties to hold public hearings, submit applications, and obtain approval from the West Virginia Development Office before levying the special district excise taxes

Mandates all jurisdictions imposing special district excise taxes to file detailed annual reports by December 31 following each fiscal year with the Governor, Secretary of Commerce, Secretary of Revenue, and Joint Committee on Government and Finance

Annual reports must include tax amounts collected, property assessed values, business listings, debt information, amortization schedules, and projected dates for debt retirement and district dissolution