FISCAL NOTE
Date Requested: February 05, 2015 Time Requested: 01:05 PM |
Agency: |
Tax Department, State |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2861 |
Introduced |
SB417 |
|
CBD Subject: |
Tax |
---|
|
FUND(S):
State Road Fund
Sources of Revenue:
Other Fund State Road Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to remove certain discounts from the motor fuel excise tax.
By removing the specified discount for distributors, the State Road Fund will gain an additional $1.8 million in funds.
Administrative costs to the Tax Department will be $30,000 in FY 2016.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2015 Increase/Decrease (use"-") |
2016 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
30,000 |
3,000 |
Personal Services |
0 |
30,000 |
30,000 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
1,800,000 |
1,800,000 |
Explanation of above estimates (including long-range effect):
By removing the specified discount for distributors, the State Road Fund will gain an additional $1.8 million in funds.
Administrative costs to the Tax Department will be $30,000 in FY2016.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov