FISCAL NOTE
Date Requested: February 10, 2021
Time Requested: 04:16 PM |
| Agency: |
Motor Vehicles, WV Division of |
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| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1050 |
Introduced |
HB2076 |
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|---|
| CBD Subject: |
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FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing 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 remove all fees for the initial issuance or renewal of a Silver Star registration plate.
This bill eliminates a one-time fee of $10, the annual registration fee of $50, the annual $1 litter fee, and the annual $0.50 insurance fee. There are 22 Silver Star plates currently in existence. The Division estimates that this number will remain consistent with one new plate sold each year and one plate not renewing each year. Therefore, the Division estimates that revenue will decrease by $1,143 (($10 x 1 new plate) + ($51.50 x 22 registrations)).
Expenses to implement the legislation will consist of cash register programing of $1,725 (15 hours x $115 per hour), and mainframe programming of $720 (8 hours x $90 per hour), for a total current expense of $2,445 ($1,725 + $720).
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2021
Increase/Decrease
(use"-") |
2022
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
2,445 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
2,445 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
-1,143 |
-1,143 |
Explanation of above estimates (including long-range effect):
$1,725 Cash Register Programming
$720 Mainframe programming
$2,445 Total Current Expense
$10 One Time Fee
$1,133 Annual Fee
$1,143 Total Reduction of Revenue
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov