FISCAL NOTE

Date Requested: January 29, 2016
Time Requested: 03:31 PM
Agency: Tax Department, State
CBD Number: Version: Bill Number: Resolution Number:
1757 Introduced SB432
CBD Subject: Tax


FUND(S):

General Revenue Fund, local governments

Sources of Revenue:

General Fund,Other Fund local property tax

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    The stated purpose of this bill, which eliminates antiquated language requiring the Board of Public Works to levy property tax rates, is to meet requirements for interest and sinking funds on state road bonds issued prior to November 8, 1932, as such bonds no longer exist.
    
    The bill would have no impact on State or local revenue or costs.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2016
Increase/Decrease
(use"-")
2017
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0


Explanation of above estimates (including long-range effect):


    The bill would have no impact on State or local revenue or costs.



Memorandum


    



    Person submitting Fiscal Note: Mark Muchow
    Email Address: kerri.r.petry@wv.gov