FISCAL NOTE

Date Requested: March 30, 2017
Time Requested: 08:06 AM
Agency: Tax & Revenue Department, WV State
CBD Number: Version: Bill Number: Resolution Number:
1736 Comm. Sub. Eng. HB2475
CBD Subject: Taxation


FUND(S):

General Revenue Fund

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    The presumed purpose of this bill is to establish the Debt Resolution Services Division, administered by the State Auditor, to identify and offset state payments due to vendors, contractors, or Taxpayers that owe delinquent debts to the State.
    
    According to our interpretation and available information, we would expect a minimal gain in revenue associated with the proposed vendor payment offset program.
    
    There would be no additional costs incurred by the State Tax Department.
    



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 0 0 0


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


    According to our interpretation and available information, we would expect a minimal gain in revenue associated with the proposed vendor payment offset program.
    
    There would be no additional costs incurred by the State Tax Department.
    



Memorandum


    



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