FISCAL NOTE
Date Requested: March 11, 2021
Time Requested: 11:27 AM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3101 |
Introduced |
HB3068 |
|
|---|
| CBD Subject: |
Military and Veterans |
|---|
|
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund local property tax revenue
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to exempt from taxation the primary residence of combat injured veterans with 100 percent disability as a result of the combat.
The revenue impact of this proposal on Property Tax collections cannot be determined. We have no data on the number of combat injured veterans with 100 percent disability who own a residence in the State or the values of their property.
Additional administrative costs would be minimal.
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 revenue impact of this proposal on Property Tax collections cannot be determined. We have no data on the number of combat injured veterans with 100 percent disability who own a residence in the State or the values of their property.
Additional administrative costs would be minimal.
Memorandum
The stated purpose of this bill is to exempt from taxation the primary residence of combat injured veterans with 100 percent disability as a result of the combat.
The bill would exempt from ad valorem property taxes real property belonging to combat injured veterans with 100 percent disability and used as the primary residence of the veteran. The West Virginia Constitution, Article X, section 1, allows the Legislature to exempt property that is used for certain charitable or public service purposes from property taxation. It does not allow exemptions based strictly on the status of the property owner as this bill does.
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov