FISCAL NOTE

Date Requested: January 13, 2016
Time Requested: 04:39 PM
Agency: Tax Department, State
CBD Number: Version: Bill Number: Resolution Number:
1038 Introduced SB38
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 0.75 percent discount for distributors, the State Road Fund will gain an additional $1.7 million in funds per fiscal year. Administrative costs to the Tax Department will be $34,000 in FY 2017.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2016
Increase/Decrease
(use"-")
2017
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 34,000 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 34,000 0
2. Estimated Total Revenues 0 1,700,000 1,700,000


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


By removing the 0.75 percent discount for distributors, the State Road Fund will gain an additional $1.7 million in funds per fiscal year. Administrative costs to the Tax Department will be $34,000 in FY 2017.



Memorandum






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