FISCAL NOTE
Date Requested: February 02, 2024 Time Requested: 03:36 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2528 |
Introduced |
HB4890 |
|
CBD Subject: |
Military and Veterans; Motor Vehicles |
---|
|
FUND(S):
Road Fund
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 purpose of this bill is to eliminate the $10 application fee for special license plates issued to honorably discharged members of the military.
The Division estimates it will take 72 hours of programming on the cash register system at a rate of $125 per hour. Total current expense of $9,000 (72 hrs. X $125/hr.)
The Division estimates that there are approximately 1,400 applications for military plates for honorably discharged per year. This would lead to a $14,000(1,400 X $10) reduction of revenue.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2024 Increase/Decrease (use"-") |
2025 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
9,000 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
9,000 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
-14,000 |
-14,000 |
Explanation of above estimates (including long-range effect):
FY 2025
EXPENSE
$9,000 Cash Register Programming
$9,000 Total Current Expense
REVENUE
1,400 Estimated New Military Plates per year
$10 Application Fee
$14,000 Total Revenue Reduction
UPON FULL IMPLEMENTATION
1,400 Estimated New Military Plates per year
$10 Application Fee
$14,000 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