FISCAL NOTE
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
| 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 |
Explanation of above estimates (including long-range effect):
Memorandum
Person submitting Fiscal Note: Les Smith
Email Address: lsmith@wvtourism.com