West Virginia HB4397 modifies the privilege tax rate for holding a license to operate interactive wagering.
West Virginia HB4397 amends the privilege tax rate for holding a license to operate interactive wagering, increasing it from 15% to 25% of adjusted gross interactive wagering receipts. The bill specifies that the accrual method of accounting must be used to calculate the tax owed by the licensee. It mandates weekly tax payments to the commission and prohibits credits against the privilege tax obligation for investments in gaming equipment or tax computation.
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