FISCAL NOTE
Date Requested: January 10, 2018
Time Requested: 02:21 PM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1097 |
Introduced |
SB21 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New 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 require the Commissioner of the Division of Motor Vehicles to create a special registration plate for full-size special purpose off-road vehicles, self-assembled or modified original equipment manufactured vehicles, that would give the vehicles the same limited access to roads as all-terrain vehicles. The bill establishes fees; requires rulemaking.
These vehicles are not currently titled in West Virginia so there is no historical data available to provide estimates for either the quantity of vehicles or the value upon which they would be taxed.
The estimates included are to title one vehicle in the current year and renew each year thereafter. Taxes would be assessed at a rate of 6%.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2018
Increase/Decrease
(use"-") |
2019
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
790 |
4 |
4 |
| Personal Services |
11 |
2 |
2 |
| Current Expenses |
779 |
2 |
2 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
47 |
32 |
32 |
Explanation of above estimates (including long-range effect):
Estimated Costs First Year
$772.50 Programming - 15 hours at $51.50/hr
$10.77 Processing Cost
$3.49 Materials
$2.68 Computer Usage
$789.44 Total
Estimated Revenue First Year
$30.00 Plate Fee
$1.00 Litter Fee
$0.50 Insurance Verification Fee
$10.00 Title Fee
$5.00 Manchin Fund Fee
$46.50 Total
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov