FISCAL NOTE

Date Requested: February 23, 2016
Time Requested: 02:48 PM
Agency: Alcohol Beverage Control Administration
CBD Number: Version: Bill Number: Resolution Number:
2818 Introduced HB4701
CBD Subject: Taxation


FUND(S):

General

Sources of Revenue:

General Fund,Special Fund

Legislation creates:

A New Program,A New Fund



Fiscal Note Summary


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


The WVABCA does not collect the beer barrel tax or the wine liter tax, please check with the WV State tax Department. In general, with respect to liquor revenue, increased requirements to transfer liquor revenue could lead to higher prices for consumers, reduced consumption and the net effect could lead to reduced revenue to the State.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2016
Increase/Decrease
(use"-")
2017
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 WVABCA does not collect the beer barrel tax or the wine liter tax, please check with the WV State tax Department. In general, with respect to liquor revenue, increased requirements to transfer liquor revenue could lead to higher prices for consumers, reduced consumption and the net effect could lead to reduced revenue to the State.



Memorandum


The "Special Intoxicant Net tax Revenue Account" is created in chapter 11, article 16 but addresses revenue from Chapter 60 but is not created or mentioned except as an account in Chapter 60 of the code. Any revenue as result of the tax increases would not go to general revenue but into this special account with no stated purpose.



    Person submitting Fiscal Note: Anoop Bhasin, General Counsel on behalf of WVABCA
    Email Address: Anoop.K.Bhasin@wv.gov