FISCAL NOTE
Date Requested: February 02, 2023
Time Requested: 05:26 PM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3140 |
Introduced |
SB443 |
|
|---|
| CBD Subject: |
Estates and Trusts |
|---|
|
FUND(S):
Inheritance Tax Administration Fund
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to cause the fees under this section to be sent directly to the State Auditor instead of the Tax Commissioner.
Passage of this will not result in any change in revenue. There would be no additional administrative costs to the State Tax Department.
The effective date would be July 1, 2023.
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):
Passage of this will not result in any change in revenue. There would be no additional administrative costs to the State Tax Department.
The effective date would be July 1, 2023.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov