FISCAL NOTE
Date Requested: January 24, 2019
Time Requested: 01:22 PM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2471 |
Introduced |
HB2627 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to remove all fees for the initial issuance or renewal of a Silver Star registration plate.
This bill eliminates a one time fee of $10 and an annual fee of $50. There are 52 Silver Star plates currently in existence. This Division estimates that this number will remain consistent with one new plate sold each year and one plate not renewing each year. Therefore, the Division estimates that revenue will decrease by $2,610 (($10 x 1 new plate per year)+($50 x 52)).
Initial expenses will consist of programming for the cash register. It is estimated that will take 10 hours of programming at a rate of $115 dollars per hour for a total of $1,150.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2019
Increase/Decrease
(use"-") |
2020
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
1,150 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
1,150 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
-2,610 |
-2,610 |
Explanation of above estimates (including long-range effect):
Programming Cost
$1,150 Cash Register
Revenue
-$10 One Time Fee
-$2,600 Annual Fee
-$2610 Total
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov