FISCAL NOTE
Date Requested: February 08, 2017 Time Requested: 04:49 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1242 |
Introduced |
HB2078 |
|
CBD Subject: |
Motor Vehicles |
---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
A New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to allow the issuance of a special volunteer fire fighter registration plate for a five-year period.
Currently the volunteer firefighter plates must be renewed each year. Going to a five year renewal would eliminate the annual renewal fee for four years following the initial purchase. At current levels this would mean an annual revenue loss of $53,670 per year or, a loss of $214,680 for the four year of no cost.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2017 Increase/Decrease (use"-") |
2018 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 |
-53,670 |
-53,670 |
-53,670 |
Explanation of above estimates (including long-range effect):
1,789 Volunteer Fire Fighter Plates
$ 30 Annual Renewal Price
$ 53,670 Lost Revenue from 5 Year Volunteer Fire Fighter Plates per Year
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov