FISCAL NOTE
Date Requested: January 16, 2024
Time Requested: 10:18 AM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2627 |
Introduced |
SB332 |
|
|---|
| CBD Subject: |
Taxation |
|---|
|
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 allow and regulate the operation of roadable aircraft on West Virginia highways.
The Division will incur programming costs for the cash register of approximately $5,625.00. Additionally, the Division projects a cost per registration plate of $5.00. This cost would be on a per plate basis thus total cost would depend on the volume of transactions.
The bill also sets the annual registration fee at $60.00 per vehicle, with an additional $15.00 annual fee. This produces total annual fees of $75.00 ($60.00 + $15).
This fiscal note assumes the registration of one vehicle.
The revenue stated above is based upon volume of transactions. Due to the emerging nature of the roadable airplane market, the Division does not have a basis for estimating the volume.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2024
Increase/Decrease
(use"-") |
2025
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
5,630 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
5,630 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
75 |
75 |
Explanation of above estimates (including long-range effect):
FY 2025
EXPENSES
$5,625 Cash register programming, 45 hours at $125 per hour
5,625 Total Programming
$5.00 Plate Cost
$5,630.00 Total Current Expense
REVENUES
$60.00 Registration Fee
$15.00 Annual Fee
$75.00 Total Revenue
UPON FULL IMPLEMENTATION
$60.00 Registration Fee
$15.00 Annual Fee
$75.00 Total Revenue
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