Supplement: WV HB4905 | 2024 | Regular Session | Department of Economic Development
For additional supplements on West Virginia HB4905 please see the Bill Drafting List
Bill Title: Relating to the Tourism and Commercial Opportunity Zone Tax and Tax Credit Act
Status: 2024-01-31 - To House Finance [HB4905 Detail]
Download: West_Virginia-2024-HB4905-Department_of_Economic_Development.html
Per General Counsel Garner Marks there is no financial impact for WVDED. A tax analysis may be needed.
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
Person submitting Fiscal Note: Kimberly Miller
Email Address: kimberly.l.miller!wv.gov
Bill Title: Relating to the Tourism and Commercial Opportunity Zone Tax and Tax Credit Act
Status: 2024-01-31 - To House Finance [HB4905 Detail]
Download: West_Virginia-2024-HB4905-Department_of_Economic_Development.html
FISCAL NOTE
| Date Requested: January 18, 2024 Time Requested: 04:38 PM |
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FUND(S):
SPECIAL FUNDSources of Revenue:
Special FundLegislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Per General Counsel Garner Marks there is no financial impact for WVDED. A tax analysis may be needed.
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):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
Person submitting Fiscal Note: Kimberly Miller
Email Address: kimberly.l.miller!wv.gov
