FUND(S):

0256

Sources of Revenue:

Other Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    The purpose of this legislation is to remove the cap on the amount of annual credit that may be awarded for destination tourism expansion projects approved after June 30,2011. This legislation as written does not have any effect on the current costs of the Development Office to administer the Tourism Development Act.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
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):


    None



Memorandum


    None



    Person submitting Fiscal Note: Carl.D. Smith
    Email Address: carl.d.smith@qwv.gov