FISCAL NOTE

Date Requested: January 11, 2024
Time Requested: 10:42 PM
Agency: County Commissioners' Association of West Virginia
CBD Number: Version: Bill Number: Resolution Number:
1449 Introduced HB4527
CBD Subject:


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 only impacts counties with Excess School levies. Unfortunately, there is no way to calculate the cost to each county excess school levy funds without knowing how many property owners within a county would qualify for the property tax exemption. The implementation costs this legislation to county governments would be minimal.



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 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 only impacts counties with Excess School levies. Unfortunately, there is no way to calculate the cost to each county excess school levy funds without knowing how many property owners within a county would qualify for the property tax exemption. The implementation costs this legislation to county governments would be minimal.



Memorandum


This legislation only impacts counties with Excess School levies. Unfortunately, there is no way to calculate the cost to each county excess school levy funds without knowing how many property owners within a county would qualify for the property tax exemption. The implementation costs this legislation to county governments would be minimal.



    Person submitting Fiscal Note: Nancy Butcher
    Email Address: nancy@ccawv.org