FISCAL NOTE
Date Requested: January 24, 2026
Time Requested: 09:41 AM |
| Agency: |
County Commissioners' Association of West Virginia |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1935 |
Introduced |
SB596 |
|
|---|
| CBD Subject: |
Taxation |
|---|
|
FUND(S):
County Government
Sources of Revenue:
General Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This legislation will decrease revenues going into the general revenue fund of counties. However, without knowing the number of property transfers that are between siblings or solely-owned LLCs, there is no way for counties to determine the revenue decrease. This amount would vary from county to county, depending on the number of sibling to sibling transfers and transfers by solely-owned LLCs.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
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):
This legislation will decrease revenues going into the general revenue fund of counties. However, without knowing the number of property transfers that are between siblings or solely-owned LLCs, there is no way for counties to determine the revenue decrease. This amount would vary from county to county, depending on the number of sibling to sibling transfers and transfers by solely-owned LLCs.
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: Nancy Butcher
Email Address: nancy@ccawv.org