Relating to privilege tax on holding a license to operate interactive wagering

HB 4397 increases the state tax rate for licensed online gambling operators in West Virginia from 15% to 25% of their adjusted gross revenue from interactive wagering. This bill directly affects companies holding licenses to operate online lottery and gambling services in the state. The tax replaces all other state and local taxes on these operations (except property tax), and operators must pay weekly via electronic transfer. The bill also prohibits tax credits for investments in gaming equipment or property used for these services. This is a straightforward tax rate adjustment with no new program provisions.