FUND(S):

Municipal Funds

Sources of Revenue:

Special Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    A six percent increase in the hotel/motel tax would bring an increase for municipalities in the amount of $4,398,846. This amount was calculated by using current amounts budgeted for municipalities and increasing to 6 percent. The breakdown is as follows: Class I&II - $3,069,000 Class III - 1,013,450, and Class IV - 316,396. I have e-mailed a copy of the breakdown of these numbers to Neva Maynor.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2005
Increase/Decrease
(use"-")
2006
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 4,398,846 0


Explanation of above estimates (including long-range effect):


    I have e-mailed a copy of the calculation of this amount to Neva Maynor.



Memorandum


     Person submitting Fiscal Note: Mack E. Parsons
     Email Address: MEPARSONS@WVAUDITOR.COM