W. Va. Code R. § 110-16-7

Current through Register Vol. XLI, No. 48, November 27, 2024

Section 110-16-7 - License Fees and Exemption From Taxes

7.1. License fees.

7.1.1. Annual License. - $500.00.

7.1.2. Annual license for a volunteer or nonprofit group which grosses less than $20,000. - $200.00.

7.1.3. Bona fide senior citizens organization annual license. - $50.00.

7.1.4. Limited occasion license. - $100.00.

7.1.5. State Fair license. - $500.00.

7.1.6. Super-bingo license. - $5,000.00.

7.1.7. The applicant for a license shall pay all fees to the tax commissioner and the payment shall accompany the application for license. If no license fee accompanies the application, the application shall not be considered to be filed. License fee amounts, if mailed, shall be remitted in the form of a check or money order except the license fee for the State Fair must be made either by certified check or money order. If payment is made in person to the West Virginia State Tax Division, Registration Unit, it may be made in cash.

7.2. Exemption from taxes.

7.2.1. Franchise taxes.

7.2.1.1. The license fee imposed is in lieu of all other license or franchise taxes or fees of this state.

7.2.1.2. A political subdivision of the state may not impose, in regard to any bingo occasion, any license or franchise taxes or fees.

7.2.2. Consumers sales taxes.

7.2.2.1. The licensee is not required to pay consumers sales tax on purchases to be used or consumed in the conduct of a bingo game. This exemption does not apply to State Fair licensees.

7.2.2.2. The licensee is not required to collect consumers sales tax on any admission fees or any sales of bingo cards. This exemption does not apply to State Fair licensees.

7.2.3. Other taxes. - The gross proceeds derived from the conduct of bingo occasions, except proceeds from State Fair bingo, are exempt from:

7.2.3.1. state and local business and occupation taxes;

7.2.3.2. income taxes;

7.2.3.3. excise taxes; and

7.2.3.4. all special taxes.

W. Va. Code R. § 110-16-7