FISCAL NOTE
Date Requested: January 11, 2023 Time Requested: 10:27 PM |
Agency: |
Transportation, WV Department of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1682 |
Introduced |
SB14 |
|
CBD Subject: |
Environment |
---|
|
FUND(S):
State Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
Senate Bill 14 would not create additional costs for the WV Division of Highways (DOH). It would increase our revenue collections deposited into the State Road Fund.
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 |
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 |
92,300,000 |
92,300,000 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
The estimated revenue total numbers were provided to the DOH by the WV Tax Department.
The additional revenue could be utilized to purchase new equipment, provide matching funds for the IIJA program and potential for additional maintenance on projects to our highways and bridges
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.
The DOH would have to defer to the WV Tax Department a to how this program would be administrated.
Person submitting Fiscal Note: Lorrie Hodges
Email Address: lorrie.a.hodges@wv.gov