FISCAL NOTE
Date Requested: March 20, 2025
Time Requested: 02:51 PM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3750 |
Introduced |
SB855 |
|
|---|
| CBD Subject: |
Environment |
|---|
|
FUND(S):
State Funds
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue, Creates New Expense, Creates New Program, Creates New Fund: Beverage Container Recycling Trust Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed Senate Bill 855 is to create the West Virginia Beverage Producer Responsibility Act. The proposed legislation states definitions; sets forth producer responsibility organization requirements; establishes a recycling refund trust fund; requires Auditor oversight; delineates label standards and deposit and refund procedures; authorizes the promulgation of rules; provides a compliance deadline; establishes a tax credit for producer responsibility organizations that build or develop redemption center or technology-based redemption center; identifies credit limitation; and states definitions.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2025
Increase/Decrease
(use"-") |
2026
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):
We have reviewed the language of the proposed legislation and find that we have no ability to provide any reasonable estimates of costs of implementation with respect to the Bill. We are aware that certain administrative actions, audits and oversight functions required of the Auditor in the Bill will have a cost attached in order to carry them out. However, until the Program is in place, it is not possible to reasonably estimate the amounts of any attending costs and potential revenues which might be generated. The Auditor will however commit to carrying out any assigned duties set out in the Bill in the most effective and efficient manner possible in order to keep such costs as contained as possible.
Memorandum
We have no additional comments regarding this proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov