FISCAL NOTE
Date Requested: March 01, 2021
Time Requested: 11:25 AM |
| Agency: |
Natural Resources, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2666 |
Introduced |
SB502 |
|
|---|
| CBD Subject: |
Natural Resources |
|---|
|
FUND(S):
3200, 8707
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to establish a graduated lifetime license fee structure for West Virginia resident children under the age of 15 and providing that adopted children shall be afforded the lifetime license price established by their date of adoption.
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):
It is anticipated that there will be no positive or negative fiscal impact from these changes. The graduated nature of the price for lifetime licenses according to age at purchase will allow for enough interest to be earned to make up the difference between juvenile and adult lifetime license costs.
Memorandum
There is potential to gain lifetime license sales as the infant price is being reduced (currently 50% lowered to 40%). A new recruitment opportunity created by the tiered structure of lifetime licenses for persons ages 2-15 years has potential to gain lifetime license sales, also.
For the purpose of this analysis the projections are zero because this is a new opportunity and projections are unavailable for purchases from 2-15 years of age.
Person submitting Fiscal Note: Amanda Morris
Email Address: amanda.l.morris@wv.gov