FISCAL NOTE
FUND(S):
County Funds
Sources of Revenue:
General Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The proposed bill has no impact on State costs or revenues. The total amount of Hotel/Motel tax budgeted for FY-2007 for all county governments is $5,692,277 which is at the three per-cent level. By permitting the tax to be increased to six per-cent could double the revenue to a total of $11,384,554. A breakdown of these numbers by county is avaiable.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2007
Increase/Decrease
(use"-") |
2008
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 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Memorandum
Person submitting Fiscal Note: Mack E. Parsons
Email Address: mack.parsons@wvsao.gov