West Virginia law provides for the collection and distribution of a fee which is derived from a 1.25% charge of the gross revenues of certain facilities. These fees are remitted to the State Treasurer on an annual basis and distributed according to West Virginia State Code §11-3-9. In particular, fifty percent of the monies collected are to be used solely for the establishment and delivery of a science, technology, engineering, art and math (STEAM) program in conjunction with the owner of the exempt property.
Should you have any questions concerning the distribution amount, you should contact the State Treasurer’s Office at 1-800-422-7498 or 304-558-5000.