FISCAL NOTE
Date Requested: February 02, 2023
Time Requested: 05:26 PM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3140 |
Introduced |
SB443 |
|
|---|
| CBD Subject: |
Estates and Trusts |
|---|
|
FUND(S):
State Funds
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed Senate Bill 443 is to cause the fees charged under Chapter 44, Article 3A, Section 42 of the West Virginia Code to be sent directly to the State Auditor instead of the West Virginia State Tax Commissioner.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
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):
We believe adoption of the Bill would not create any new fees not currently charged and collected under State law. Instead, the legislation would simply direct any such fees charged and collected under the statute to be remitted directly to the State Auditor rather than the State Tax Commissioner. The State Auditor’s Office believes it would be able to implement the requirements of the Bill utilizing existing staff and resources currently available to the office. Accordingly, we believe there also would be no additional costs associated with the passage of the legislation.
Memorandum
We have no additional comments regarding this proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov