FISCAL NOTE
Date Requested: February 23, 2021
Time Requested: 03:31 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1184 |
Introduced |
HB2172 |
|
|---|
| CBD Subject: |
|
|---|
|
FUND(S):
General
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 2172, if enacted, would provide a tax credit against West Virginia personal income tax liability in the amount of the lesser of payments on interest made on student loans or $1,000. It would allow for the credit to be used in the graduation year and provide for a maximum term of nine years to claim the credit after the year of graduation.
No additional costs would be incurred by public higher education from the enactment of this legislation.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2021
Increase/Decrease
(use"-") |
2022
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):
Memorandum
Person submitting Fiscal Note: Ed Magee
Email Address: edward.magee@wvhepc.edu