FISCAL NOTE
Date Requested: January 26, 2023
Time Requested: 02:36 PM |
| Agency: |
Municipal League, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3078 |
Introduced |
HB3075 |
|
|---|
| CBD Subject: |
Taxation |
|---|
|
FUND(S):
Municipal Business and Occupation
Sources of Revenue:
Other Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this of this bill is to exempt subcontractors from municipal business and occupation taxes. The revenue impact of this proposal on municipal business and occupation tax revenue cannot be determined. Entities reporting gross receipts for the purpose of remitting municipal business and occupation tax do not provide details of activity in their returns. Entities report lump sum gross receipts with no differentiation or demarcation as a “subcontractor”, or copies of any contracts or other work details. Without the ability to determine a taxpayer’s status as a “subcontractor”, municipalities cannot provide an estimate of the resultant decrease in revenue should House Bill 3075 be enacted.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
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):
The revenue impact of this proposal on municipal business and occupation taxes cannot be determined.
Memorandum
Person submitting Fiscal Note: Susan Economou
Email Address: seconomou@wvml.org