FISCAL NOTE

Date Requested: January 26, 2023
Time Requested: 09:16 AM
Agency: Tax & Revenue Department, WV State
CBD Number: Version: Bill Number: Resolution Number:
1981 Introduced HB3023
CBD Subject: Taxation


FUND(S):

State Road Fund

Sources of Revenue:

Other Fund State Road Fund

Legislation creates:





Fiscal Note Summary


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


The stated purpose of this bill is to reduce the gasoline excise tax by 50 percent for West Virginia residents. Passage of this bill will result in no reduction in revenues to the State Road Fund as the code reference the bill refers to was repealed in its entirety. Article 14 of Chapter 11 in the W.Va. Code referring to the Gasoline and Special Fuel Excise Tax was repealed in its entirety by W.Va. Code §11-14-31 for all tax periods beginning on and after January 1, 2004 and replaced by the Motor Fuel Excise Tax per W.Va. Code 11-14C. No additional administrative costs would be incurred by the State Tax Department.



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 0 0


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


Passage of this bill will result in no reduction in revenues to the State Road Fund as the code reference the bill refers to was repealed in its entirety. Article 14 of Chapter 11 in the W.Va. Code referring to the Gasoline and Special Fuel Excise Tax was repealed in its entirety by W.Va. Code §11-14-31 for all tax periods beginning on and after January 1, 2004 and replaced by the Motor Fuel Excise Tax per W.Va. Code 11-14C. No additional administrative costs would be incurred by the State Tax Department.



Memorandum


The stated purpose of this bill is to reduce the gasoline excise tax by 50 percent for West Virginia residents. The bill attempts to amend the Gasoline and Special Fuel Excise Tax under §11-14-1, et seq., but that Article was repealed for tax periods beginning on and after January 1, 2004. Therefore, the tax being amended is no longer in effect.



    Person submitting Fiscal Note: Mark Muchow
    Email Address: kerri.r.petry@wv.gov