FISCAL NOTE
Date Requested: January 27, 2022 Time Requested: 02:32 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2200 |
Introduced |
HB4416 |
|
CBD Subject: |
Motor Vehicles |
---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue, Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to permit volunteer firefighters with five or more years of service to be eligible for free vehicle registrations and license plates on their personal vehicle.
The Division estimates it will take 72 hours of programming on the cash register system at a rate of $115 per hour. Total current expense of $8,280 (72 hrs. X $115/hr.).
The Division estimates that there are approximately 6,000 volunteer firefighters that would qualify for the exemption. Assuming 100% participation, this would lead to a $300,000 (6,000 X $50) annual reduction of revenue.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2022 Increase/Decrease (use"-") |
2023 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
8,280 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
8,280 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
-300,000 |
-300,000 |
Explanation of above estimates (including long-range effect):
$8,280 Cash Register Programming
$8,280 Total Current Expense
$6,000 Estimated Qualifying Individuals
$50 Registration Fee
$300,000 Total Revenue Reduction
$6,000 Estimated Qualifying Individuals
$50 Registration Fee
$300,000 Total Revenue Reduction
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov