FISCAL NOTE
Date Requested: March 13, 2017
Time Requested: 01:15 PM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3054 |
Introduced |
SB590 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
A New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to require the Commissioner of the Division of Motor Vehicles to create a special registration plate for full-size special purpose off-road vehicles, self-assembled or modified original equipment manufactured vehicles, that would give the vehicles the same limited access to roads as all-terrain vehicles.
These vehicles are not currently titled in the state of West Virginia, so there is no historical data available to provide reasonable estimates for total revenues. Each all-terrain vehicle will pay $30 for a plate. The current maximum cost for a plate is $8.80 producing a net revenue stream of $21.20. Programming required to enact this legislation will take approximately 80 hours at $9 per hour or $7200.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2017
Increase/Decrease
(use"-") |
2018
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
7,208 |
7,208 |
8 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
7,200 |
7,200 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
9 |
0 |
0 |
| 2. Estimated Total Revenues |
30 |
30 |
0 |
Explanation of above estimates (including long-range effect):
$ 8.80 Maximum Cost for One Plate to the DMV
$ 30.00 License Fee per Plate
$ 21.20 Net Revenue per Plate
$7,200 Programming Cost
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov