FISCAL NOTE

Date Requested: February 22, 2016
Time Requested: 03:16 PM
Agency: Tax Department, State
CBD Number: Version: Bill Number: Resolution Number:
2774 Introduced HB4668
CBD Subject: Taxation


FUND(S):

General Revenue Fund

Sources of Revenue:

General Fund

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 is to raise the allowable threshold of the coal severance tax revenue fund budgeted for personal services from one fourth to one half. Based on our interpretation, the proposed bill would raise the allowable threshold of the coal severance tax revenue fund budgeted for personal services from one-fourth to one-half. As this is in reference to monies distributed to the counties and municipalities under West Virginia Code §11-13A-6, there would be no effect on the General Revenue Fund or other State revenues. No additional administrative costs would be incurred by the State Tax Department.



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):


Based on our interpretation, the proposed bill would raise the allowable threshold of the coal severance tax revenue fund budgeted for personal services from one-fourth to one-half. As this is in reference to monies distributed to the counties and municipalities under West Virginia Code §11-13A-6, there would be no effect on the General Revenue Fund or other State revenues. No additional administrative costs would be incurred by the State Tax Department.



Memorandum


The stated purpose of this bill is to raise the allowable threshold of the coal severance tax revenue fund budgeted for personal services from one fourth to one half. “Personal services” are not defined in West Virginia Code §11-13A or Code of State Rules §110-13A.



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