FISCAL NOTE
Date Requested: February 24, 2021
Time Requested: 03:01 PM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2255 |
Introduced |
SB415 |
|
|---|
| CBD Subject: |
|
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FUND(S):
Local Funds
Sources of Revenue:
Other Fund Local Government - Amusement and Entertainment Tax
Legislation creates:
Creates New Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed Senate Bill 415 is to allow county commissions to impose an amusement tax upon any public amusement or entertainment conducted within the limits of a county for private profit or gain. However, such tax would not be able to be imposed on any such amusement or entertainment conducted within a municipal corporation which imposes an amusement tax under Chapter 8, Article 13, Section 6 of the West Virginia Code.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2021
Increase/Decrease
(use"-") |
2022
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):
We believe the enactment of proposed Senate Bill 415 would result in increased revenues related to the imposition and collection of the tax authorized under the Bill, such revenues would accrue to the various county commissions. However, we do not have records available to us which would allow us to reasonably estimate the amounts of any such additional tax collections which would be made available to the benefit of the various county commissions within West Virginia.
Memorandum
We have no additional comments regarding the proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov