Date Requested:February 23, 2005
Time Requested:10:35 AM
Agency: Auditor, State of WV
CBD Number: Version: Bill Number: Resolution Number:
2005R1171 Intro SB237
CBD Subject: Hotel Occupancy Tax
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
Over-all effect
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
3. 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