FISCAL NOTE
Date Requested: February 19, 2026
Time Requested: 02:09 PM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 4234 |
Introduced |
SB1006 |
|
|---|
| CBD Subject: |
Taxation |
|---|
|
FUND(S):
7155
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Senate Bill 1006, if enacted, would provide equal shares of the 1% Additional Premium Tax funds collected to the fire companies and departments.
Please see memorandum summary for additional information.
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):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Memorandum
Senate Bill 1006, if enacted, would provide equal shares of the 1% Additional Premium Tax funds collected to the fire companies and departments.
SB1006 would have no fiscal impact on the WV Offices of the Insurance Commissioner.
The OIC estimates the total collections would be $34,551,164, which would be distributed to the fire companies and departments by the State Treasurer.
Person submitting Fiscal Note: Rhonda C Hartwell
Email Address: rhonda.c.hartwell@wv.gov