FISCAL NOTE
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