WV HB3453

Imposes a fee on international money transmissions of $5 for transactions up to $500, plus 3% on any amount exceeding $500, collected by licensed money transmitters and their authorized delegates

Requires quarterly remittance of collected fees to the West Virginia Department of Revenue by the 15th day of the month following each calendar quarter

Provides a discount of 0.75% on fees owed if the transmitter files and pays on time

Directs all revenue from the fees into the state general fund, with the Department of Revenue to establish rules for distributing funds to state agencies, political subdivisions, or public agencies

Grants customers who file West Virginia income tax returns with a valid Social Security number or taxpayer ID an income tax credit equal to the fee they paid on transactions