HB2695 S ECD AMT #1 4-2

Lazell  7879

The Committee on Economic Development moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for House Bill 2695—A Bill to amend and reenact §7-22-9 and §7-22-14 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; requiring Mason County and Raleigh to comply with requirements to hold a public hearing, submit a certain application, and receive approval as required by law; requiring jurisdictions authorized to levy special excise tax to file a detailed annual report; authorizing modifications that do not result in a net increase to the acreage of the district of not greater than ten percent of the total acreage; and providing that modifications may not result in a recalculation of the base tax revenue amount. .

Adopted

Rejected