FISCAL NOTE

Date Requested: February 19, 2018
Time Requested: 01:25 PM
Agency: Motor Vehicles, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
2708 Introduced SB589
CBD Subject: Motor Vehicles


FUND(S):

Road Fund

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Revenue, Creates New Expense



Fiscal Note Summary


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


The purpose of this bill is to authorize the issuance of special personalized license plates for owners of antique motor vehicles. The legislation would generate revenue of $40 per customer and a $15 per year reservation fee for a total of $55 annually. The average plate fee for this type of plate is $8.50 per plate. Programming the cash register to accept this fee will cost an estimated $3,910. The cost to program the main frame vehicle system to accept multiple vehicles with the same plate number is estimated at $2,575.



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 6,485 9
Personal Services 0 0 0
Current Expenses 0 6,485 9
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 55 55


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


Programming $6,485 Plate $8.50 Total $6,485 Annual Fee/Customer $40 Reservation fee $15 Total $55



Memorandum






    Person submitting Fiscal Note: Raeann Kriner
    Email Address: raeann.k.kriner@wv.gov