FISCAL NOTE
Date Requested: January 16, 2026
Time Requested: 03:35 PM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2280 |
Introduced |
SB447 |
|
|---|
| CBD Subject: |
Roads and Transportation |
|---|
|
FUND(S):
State Road Fund, Industrial Access Road Fund
Sources of Revenue:
Other Fund Industrial Access Road Fund
Legislation creates:
Creates New Revenue, Increases Revenue From Existing Sources
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to clarify the terms of the Industrial Road Access Program.
According to our interpretation, this bill would increase the State Road Fund Industrial Road Access Transfer amount from $3.0 million per year to $6.0 million per year. Additionally, the collections from the Industrial Road Access Program can be used for an approved industrial development site as part of the West Virginia Ready Sites Program. The maximum amount of unmatched revenue from the fund to be used by any county during a fiscal year increases from $0.4 million per year to $0.8 million per year. Additional matching revenue from the Industrial Road Access Fund increases from $150,000 to $300,000. Passage of this bill would allocate a maximum of $3.0 million to the Industrial Access Road Fund, with any unspent revenue allocated back to the State Road Fund in FY2027 and subsequent fiscal years.
There are no additional administrative costs incurred by the State Tax Department as this program is administered by the Division of Highways.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
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):
According to our interpretation, this bill would increase the State Road Fund Industrial Road Access Transfer amount from $3.0 million per year to $6.0 million per year. Additionally, the collections from the Industrial Road Access Program can be used for an approved industrial development site as part of the West Virginia Ready Sites Program. The maximum amount of unmatched revenue from the fund to be used by any county during a fiscal year increases from $0.4 million per year to $0.8 million per year. Additional matching revenue from the Industrial Road Access Fund increases from $150,000 to $300,000. Passage of this bill would allocate a maximum of $3.0 million to the Industrial Access Road Fund, with any unspent revenue allocated back to the State Road Fund in FY2027 and subsequent fiscal years.
There are no additional administrative costs incurred by the State Tax Department as this program is administered by the Division of Highways.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: RADfiscal@wv.gov