FISCAL NOTE

Date Requested: January 13, 2020
Time Requested: 12:27 PM
Agency: Auditor, State of WV
CBD Number: Version: Bill Number: Resolution Number:
1227 Introduced SB163
CBD Subject: Taxation


FUND(S):

Local Funds

Sources of Revenue:

Other Fund Local Government - Hotel Occupancy Tax

Legislation creates:





Fiscal Note Summary


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


The purpose of proposed Senate Bill 163 is to provide for the collection of the hotel occupancy tax by marketplace facilitators.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2020
Increase/Decrease
(use"-")
2021
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 are unable to identify any additional costs to the State or political subdivisions of the State which would result from enactment of the proposed legislation. Likewise, the proposed legislation could result in additional collections of the Hotel Occupancy Tax which might not be collected currently; however, we have no reasonable basis to make any projections with regard to additional potential revenue collections under the proposed Bill.



Memorandum


We have no additional comments regarding the proposed legislation.



    Person submitting Fiscal Note: Michael E. Sizemore, CPA
    Email Address: Mike.Sizemore@wvsao.gov