FISCAL NOTE

Date Requested: March 14, 2017
Time Requested: 01:42 PM
Agency: Tax & Revenue Department, WV State
CBD Number: Version: Bill Number: Resolution Number:
3132 Introduced HB3091
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 change the due date for employers to file their annual reconciliation and withholding statements with the Tax Commissioner to January 31, which date is consistent with the date by which employers must file their annual employer withholding reconciliation statements with the Internal Revenue Service; and to require more employers to file W-2 information electronically with the Tax Commissioner. Additionally, obsolete language would be deleted from the current law.
    
    Per our interpretation, there will be no readily measurable revenue impact relating to the passage of this bill. The proposed change would effectively help the State Tax Department curb tax refund fraud.
    
    Additional administrative costs incurred by the State Tax Department are expected to be $3,500 in FY 2018 and $3,500 in FY 2019.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 3,500 3,500
Personal Services 0 1,000 1,000
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 2,500 2,500
2. Estimated Total Revenues 0 0 0


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


    Per our interpretation, there will be no readily measurable revenue impact relating to the passage of this bill. The proposed change would effectively help the State Tax Department curb tax refund fraud.
    
    Additional administrative costs incurred by the State Tax Department are expected to be $3,500 in FY 2018 and $3,500 in FY 2019.
    



Memorandum


    



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