Date Requested:March 05, 2009
Time Requested:10:51 AM
Agency: Tourism, Division of
CBD Number: Version: Bill Number: Resolution Number:
2009R2579 Introduced HB2972
CBD Subject: TOURIST GRANTS 50% TO WV COMPANIES
FUND(S)
Tourism Promotion Fund
Sources of Revenue
Other Fund Video Lottery
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

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

    All of the entities that are recipients of the Tourism Promotion Fund reimbursements are West Virginia companies or non-profit organizations. In a general sense, if all of our recipients were required to use WV companies then there certainly would be an increased tax benefit for West Virginia. Since one of primary reasons for this funding is to attract out of state visitors which requires advertising in out of state markets, we currently do not have a mechanism to efficiently determine the fiscal impact of tax receipts or costs.
    
    

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2009
Increase/Decrease
(use"-")
2010
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
3. Explanation of above estimates (including long-range effect):
    


Memorandum
Person submitting Fiscal Note:
Les Smith
Email Address:
lsmith@wvtourism.com