FISCAL NOTE

Date Requested: February 09, 2022 Time Requested: 03:35 PM

Agency: Tax & Revenue Department, WV State CBD Number: Version: Bill Number: Resolution Number: 2064 Introduced HJR108 CBD Subject: Taxation

FUND(S):

General Revenue Fund, local governments

Sources of Revenue:

General Fund local property tax revenue

Legislation creates:

Decreases Existing Revenue, Increases Existing Expenses

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Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

The stated purpose of this resolution is to provide for an election to amend the state Constitution to exempt honorably discharged veterans of the Armed Forces of the United States who have been determined to have a 100 percent or more disability from ad valorem property taxation on the assessed value of his or her primary residence plus all personal property and then a tiered exemption based on a lesser percent of disability. The revenue impact of this proposal on Property Tax collections cannot be determined. We have no data on the value of the real and personal property owned by honorably discharged veterans with 100 percent disability. Additional administrative costs would be minimal.

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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	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):

The revenue impact of this proposal on Property Tax collections cannot be determined. We have no data on the value of the real and personal property owned by honorably discharged veterans with 100 percent disability. Additional administrative costs would be minimal.

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Memorandum

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    Person submitting Fiscal Note: Mark Muchow
    Email Address: kerri.r.petry@wv.gov