FISCAL NOTE
Date Requested: January 20, 2023
Time Requested: 03:22 PM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2808 |
Introduced |
HB2880 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue, Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to remove the fees for license plates, vehicle registration, operator's licenses, registration, and inspection fees for volunteer fire fighters.
The Division will incur current expense to program the cash register in the amount of $16,560.
There are an estimated 8,000 volunteer firefighters in WV. Exempting these individuals from the annual $50 registration fee will produce a reduction of revenue if $400,000 (8,000 X $50). Exempting the firefighters from the $5 per year driver’s license fee will produce a reduction of revenue of $40,000 (8,000 X $5). Approximately 333 drivers would also be exempt from the fees for other license types (Class D and CDL) which carry a combined incremental fee of $5. This would produce a reduction of revenue of $1,665 ($5 X 333). The total annual reduction of revenue would be $441,665 ($400,000 + $40,000 + $1,665).
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 |
16,560 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
-441,665 |
-441,665 |
Explanation of above estimates (including long-range effect):
FY2024
$8,280 Cash Register Programming -Drivers license
$8,280 Cash Register Programming - Registration
$16,560 Total Current Expense
8,000 Estimated Qualifying individuals
$50 Registration fee
$400,000 Revenue Reduction
8,000 Estimated Qualifying individuals
$5 Drivers License annual fee
$40,000 Revenue Reduction
333 Estimated supplemental licenses
5.00 Incremental fee
1,665 Revenue Reduction
$441,665 Total Revenue Reduction
UPON FULL IMPLEMENTATION
8,000 Estimated Qualifying individuals
$50 Registration fee
$400,000 Revenue Reduction
8,000 Estimated Qualifying individuals
$5 Drivers License annual fee
$40,000 Revenue Reduction
333 Estimated supplemental licenses
5.00 Incremental fee
1,665 Revenue Reduction
$441,665 Total Revenue Reduction
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