FISCAL NOTE
Date Requested: January 24, 2023
Time Requested: 05:13 PM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2303 |
Introduced |
HB2937 |
|
|---|
| CBD Subject: |
Counties |
|---|
|
FUND(S):
Special Account
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue, Increases Existing Expenses
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 amount paid to the Tax Commissioner for the annual licensure fees to volunteer fire departments for charitable raffles.
According to our interpretation, this bill would reduce the licensure fee paid by volunteer fire departments for charitable raffles from $500 to $250. Passage of this bill would result in a reduction of $14,000 per year to the special revenue account funding the investigatory activities of the Criminal Investigation Division and the Special Audits Division of the Tax Department paid by volunteer fire departments.
Additional administrative costs incurred by the State Tax Department would be $10,000 in FY2023.
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 |
10,000 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
10,000 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
-14,000 |
-14,000 |
Explanation of above estimates (including long-range effect):
According to our interpretation, this bill would reduce the licensure fee paid by volunteer fire departments for charitable raffles from $500 to $250. Passage of this bill would result in a reduction of $14,000 per year to the special revenue account funding the investigatory activities of the Criminal Investigation Division and the Special Audits Division of the Tax Department paid by volunteer fire departments.
Additional administrative costs incurred by the State Tax Department would be $10,000 in FY2023.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov