FISCAL NOTE
Date Requested: March 17, 2025
Time Requested: 04:12 PM |
| Agency: |
Agriculture, WV Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3448 |
Comm. Sub. |
SB618 |
|
|---|
| CBD Subject: |
Agriculture |
|---|
|
FUND(S):
NA
Sources of Revenue:
Other Fund NA
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
SB618 would allow for a reduced property appraisal for corporations owning farm property that produces a minimum of $20,000 of agricultural products annually. As the Department of Agriculture would not be responsible for administering such appraisals and subsequent collection of tax related to this proposed legislation, the bill would not have an impact on revenues and expenses of the Department of Agriculture.
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):
As the Department of Agriculture does not collect property taxes, this bill would not have impacts for the revenue and expense of the Department. Fiscal impact for revenue and expense for other units of State government are not included in these estimates.
Memorandum
None noted.
Person submitting Fiscal Note: Laryssa Hoskins on behalf of Alan Clemans, CFO
Email Address: aclemans@wvda.us