FISCAL NOTE
Date Requested: February 16, 2026
Time Requested: 04:29 PM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 4065 |
Introduced |
HB5595 |
|
|---|
| CBD Subject: |
Taxation |
|---|
|
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund local property tax revenue
Legislation creates:
Decreases Existing Revenue, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to provide personal property tax exemptions for any personal property belonging to fully disabled veterans
The revenue impact of this proposal on Property Tax collections cannot be determined. We have no data on the value of the value of personal property owned by fully disabled veterans. According to the Department of Veterans Affairs, there are almost 10,000 veterans in West Virginia with a 100 percent disability rating.
Additional administrative costs cannot be determined.
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):
The revenue impact of this proposal on Property Tax collections cannot be determined. We have no data on the value of the value of personal property owned by fully disabled veterans. According to the Department of Veterans Affairs, there are almost 10,000 veterans in West Virginia with a 100 percent disability rating.
Additional administrative costs cannot be determined
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: RADfiscal@wv.gov