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Committee advances bill letting Raleigh and Mason counties seek tax‑increment financing for development districts
Summary
Committee reported committee substitute for House Bill 2695 allowing Raleigh and Mason counties to levy special excise taxes for specified economic opportunity districts if statutory application and approval requirements are met; committee adopted an amendment defining minor boundary adjustments as 10% or less.
The Senate Economic Development Committee voted to report the engrossed committee substitute for House Bill 2695 with the recommendation that it do pass and be referred to the Committee on Finance.
The bill would authorize Raleigh County to levy a special excise tax for a 1,600‑acre Economic Opportunity Development District and Mason County to levy a special excise tax for a roughly 150‑acre…
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