FISCAL NOTE

Date Requested: January 18, 2024 Time Requested: 11:43 AM

Agency: Municipal League, WV CBD Number: Version: Bill Number: Resolution Number: 2555 Introduced HB4826 CBD Subject:

FUND(S):

Municipal Amusement Tax

Sources of Revenue:

Other Fund

Legislation creates:

Decreases Existing Revenue

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Fiscal Note Summary

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

The stated purpose of this bill is to repeal W. Va. Code §8-13-6 relating to the repeal of the municipal amusement tax. The total budgeted amount for all cities for budget line "309 Amusement Tax" for the 2023-2024 fiscal year is $284,050. Actual collection numbers are not available. Additionally, the bill contains a technical error in the enacting clause in which it amends and reenacts Section 1 of Chapter 8, Article 13 which is different from the bill's title and stated purpose. The error in the enacting clause code section, if applied, would replace existing property tax levy authority regarding the ability of municipalities to levy property taxes which would result in further reduction in municipal revenue.

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Fiscal Note Detail

Effect of Proposal	Fiscal Year
	2024 Increase/Decrease (use"-")	2025 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):

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Memorandum

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    Person submitting Fiscal Note: Susan Economou
    Email Address: seconomou@wvml.org