FISCAL NOTE
Date Requested: February 23, 2021 Time Requested: 12:48 PM |
Agency: |
Tax & Revenue Department, WV State |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2280 |
Introduced |
SB402 |
|
CBD Subject: |
|
---|
|
FUND(S):
General Revenue Fund
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to provide that in certain circumstances the parent who pays the child support has the right to claim the dependent children for income tax purposes.
The proposed bill would have no impact on the State revenue or costs.
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 |
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 proposed bill would have no impact on the State costs or revenue.
Memorandum
The stated purpose of this bill is to provide that in certain circumstances the parent who pays the child support has the right to claim the dependent children for income tax purposes.
This bill essentially changes which parent has the right to claim dependent children for income tax purposes before consideration of certain exceptions. With the change, the parent paying child support (payor) will have that right to claim dependent children rather than the parent receiving the child support payments (payee). There may be a conflict with the Qualifying Child test on the federal return when it comes to the aspect of residency, a factor when calculating federal taxes.
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov