FISCAL NOTE
Date Requested: February 01, 2020
Time Requested: 09:06 AM |
| Agency: |
State Police, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2827 |
Introduced |
HB4639 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
6501 Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
This piece of legislation affects the motor vehicle inspection program in that it would require vehicle inspection every three years instead of every year. Expected revenues are listed below for FY2021 with additional projections in the explanation of estimates.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2020
Increase/Decrease
(use"-") |
2021
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 |
4,524,235 |
0 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Actual Revenues for the Motor Vehicle Inspection Program for FY2019 were $4,524,235. This piece of legislation triples the fee for an inspection sticker and therefore roughly triples the amount of revenue received in the second half of FY21, an increase of $4,524,235.
Because the proposed sticker price would triple and the sticker life would also triple, the result would be approximately a net zero increase or loss at the end of three years from implementation.
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.
Small businesses who perform the inspections may also be affected by this piece of legislation due to the fluctuations in sticker revenue for the first three years. Sales from repairs would likely be reduced also.
Annual Revenue from State Sales tax may also be affected during the first three years. This includes tax revenue from a potential loss in repair sales tax from the inspection stations.
Person submitting Fiscal Note: Connie E Gundy, Comptroller
Email Address: connie.e.gundy@wvsp.gov