FISCAL NOTE
Date Requested: January 12, 2023
Time Requested: 07:54 PM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1580 |
Introduced |
HB2520 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to waive all fees for special registration plates to the Gold Star next of kin of a member of any branch of the armed services of the United States killed in combat.
This eliminates the one-time fee of $10, the annual registration fee of $50, the $1 litter fee, and the annual $0.50 insurance fee. There are 65 Gold 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 renewed each year. Therefore, the Division estimates that revenue will decrease by $3,358 (($10 x 1 new plate) + ($51.50 x 65)).
Expenses to implement the legislation will consist of cash register programming of $1,725 (15 hours x $115 per hour).
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
1,725 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
1,725 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
-3,358 |
-3,358 |
Explanation of above estimates (including long-range effect):
$1,725.00
Cash Register Programming
$1,725.00
Total Current Expense
$10.00
One Time Fee
$3,348
Annual Fee (65 plates X $51.50)
$3,358
Total Reduction of Revenue
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov