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

FISCAL NOTE

Date Requested: January 18, 2024
Time Requested: 04:38 PM
Agency: Department of Economic Development
CBD Number: Version: Bill Number: Resolution Number:
3044 Introduced HB4905
CBD Subject: Economic Development


FUND(S):

SPECIAL FUND

Sources of Revenue:

Special Fund

Legislation 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