FISCAL NOTE

Date Requested: January 14, 2023
Time Requested: 04:08 PM
Agency: Motor Vehicles, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
1237 Introduced HB2305
CBD Subject:


FUND(S):

Road Fund

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Revenue



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


The purpose of this bill is to exempt foreign market vehicles manufactured 25 or more years ago from certain title requirements and allow registration upon application and payment of an additional $25 fee. The agency estimates not more than 100 vehicles will be affected by this bill annually. The Division will realize revenue of $2,500 per year ($25 X 100). The Division will incur costs to program the cash register system to accept the fee of approximately $2,990 (26 hrs. @$115/hr.)



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 2,990 0
Personal Services 0 0 0
Current Expenses 0 2,990 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 2,500 2,500


Explanation of above estimates (including long-range effect):


$2,990 Cash Register Programming 100 Projected Number of Qualifying Vehicles $25 Per Transaction Fee $2,500 Total Revenue Generated



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