FISCAL NOTE
Date Requested: January 25, 2018 Time Requested: 01:56 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2066 |
Introduced |
SB373 |
|
CBD Subject: |
Motor Vehicles |
---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Increases Revenue From Existing Sources, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to permit the issuance of a special license plate to support adoption.
This bill establishes a one-time initial application fee of $10, and an annual fee of $15. This is in addition to other fees which include a $50 registration fee, $0.50 insurance verification fee and a $1 litter fee for a total initial fee of $76.50 per plate. All fees, except for the $10 initial application fee, are applicable to subsequent years.
Initial expenses will consist of Registration card $0.02, Plate $6.80, Labor $5, and postage of 2.56. The above estimates are per registration plate issued. Additionally, there will be programming of 40 hours at a cost of $51.50 for a total of $2,060.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2018 Increase/Decrease (use"-") |
2019 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
2,074 |
6 |
Personal Services |
0 |
5 |
5 |
Current Expenses |
0 |
2,069 |
1 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
77 |
67 |
Explanation of above estimates (including long-range effect):
Year of Implementation Costs
Programming Cost 2,060.00
Per Transaction Cost
Title and Reg. card 0.02
Plate 6.80
Labor 5.00
Postage 2.56
Sub Total 14.38
Total 2,074.38
Cost Per Year After Implementation
Annual Vehicle Renewal
Decal 0.14
Registration Card 0.13
Mail Cost 0.40
Labor 5.00
Total 5.67
Revenue
Year of Implementation
Registration 50.00
Insurance 0.50
Litter 1.00
One time Fee 10.00
Annual fee 15.00
Total 76.50
Revenue
Year of Implementation
Registration 50.00
Insurance 0.50
Litter 1.00
Annual fee 15.00
Total 66.50
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov