FISCAL NOTE
Date Requested: February 09, 2026
Time Requested: 04:05 PM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3909 |
Introduced |
HB5320 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund local property tax revenue
Legislation creates:
Decreases Existing Revenue, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to address the housing shortage and encourage residential development by allowing a subdivision to retain its original tax classification until individual lots are sold.
We are unable to accurately estimate the revenue loss to the State or local governments from this proposal. No information is available on the number of lands that will be subdivided, the number of future residential developments, or the location of such developments. .
Any process developed for application or ensuring compliance with this bill would increase administrative costs to the State and counties.
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):
We are unable to accurately estimate the revenue loss to the State or local governments from this proposal. No information is available on the number of lands that will be subdivided, the number of future residential developments, or the location of such developments. .
Any process developed for application or ensuring compliance with this bill would increase administrative costs to the State and counties.
Memorandum
The stated purpose of this bill is to address the housing shortage and encourage residential development by allowing a subdivision to retain its original tax classification until individual lots are sold.
The bill does not include any provisions allowing a subdivision to retain its original tax classification until individual lots are sold. The only provision mentioning tax classification is §8A-14-2, which states the legislative purpose and includes no operative language. The remainder of this bill regards limitations on municipalities restricting the subdivision of land.
Under current law, property is taxed based upon its use under the classifications established in §11-8-5. It is likely that article 8, chapter 11 of the W. Va. Code would need amended for the bill’s stated purpose to be achieved.
Person submitting Fiscal Note: Mark Muchow
Email Address: RADfiscal@wv.gov