FISCAL NOTE

Date Requested: February 02, 2024 Time Requested: 03:36 PM

Agency: Motor Vehicles, WV Division of CBD Number: Version: Bill Number: Resolution Number: 2528 Introduced HB4890 CBD Subject: Military and Veterans; Motor Vehicles

FUND(S):

Road Fund

Sources of Revenue:

Special Fund

Legislation creates:

Decreases Existing Revenue, Increases Existing Expenses

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Fiscal Note Summary

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

The purpose of this bill is to eliminate the $10 application fee for special license plates issued to honorably discharged members of the military. The Division estimates it will take 72 hours of programming on the cash register system at a rate of $125 per hour. Total current expense of $9,000 (72 hrs. X $125/hr.) The Division estimates that there are approximately 1,400 applications for military plates for honorably discharged per year. This would lead to a $14,000(1,400 X $10) reduction of revenue.

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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	9,000	0
Personal Services	0	0	0
Current Expenses	0	9,000	0
Repairs and Alterations	0	0	0
Assets	0	0	0
Other	0	0	0
2. Estimated Total Revenues	0	-14,000	-14,000

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

FY 2025 EXPENSE $9,000 Cash Register Programming $9,000 Total Current Expense REVENUE 1,400 Estimated New Military Plates per year $10 Application Fee $14,000 Total Revenue Reduction UPON FULL IMPLEMENTATION 1,400 Estimated New Military Plates per year $10 Application Fee $14,000 Total Revenue Reduction

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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.

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