WV HB4500

Berkeley County Commission authorized to levy a special district excise tax for the Berkeley County Economic Opportunity Development District covering approximately 275 contiguous acres of land

Authorization requires the county commission to hold a public hearing, submit an application, and obtain approval from the West Virginia Development Office before levying the tax

Adds Berkeley County as the eighth county authorized to create an economic opportunity development district with special taxing authority, joining Ohio, Harrison, Monongalia, Jefferson, Mercer, Raleigh, and Mason counties

Districts with special excise taxes must file annual reports by December 31 detailing tax collections, property values, business activity, and debt information with the Governor and state agencies