FISCAL NOTE
Date Requested: January 13, 2020
Time Requested: 12:36 PM |
| Agency: |
Labor, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1319 |
Introduced |
HB4110 |
|
|---|
| CBD Subject: |
Labor |
|---|
|
FUND(S):
West Virginia Jobs Act Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue, Decreases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The Division of Labor defers to the Tax Department for how much revenue would be lost with the repealing of the Jobs Act.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2020
Increase/Decrease
(use"-") |
2021
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
-41,700 |
-41,700 |
| Personal Services |
0 |
-37,700 |
-37,700 |
| Current Expenses |
0 |
-4,000 |
-4,000 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
-68,000 |
-68,000 |
Explanation of above estimates (including long-range effect):
The revenue generated is from levying and collecting administrative penalties for violations of the Jobs Act. In the past three (3) years we have averaged collecting $68,000 in penalties.
Memorandum
See Summary and Explanation of Estimates above.
Person submitting Fiscal Note: Mitchell E. Woodrum, Commissioner
Email Address: Mitchell.E.Woodrum@wv.gov