FISCAL NOTE
Date Requested: March 28, 2017
Time Requested: 08:07 AM |
| Agency: |
Tax & Revenue Department, WV State |
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| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3338 |
Originating |
SB692 |
|
|---|
| CBD Subject: |
|
|---|
|
FUND(S):
Volunteer and Part-Volunteer Fire Departments Fee Fund
Sources of Revenue:
Special Fund
Legislation creates:
A New Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to impose a fire protection fee on managed timberlands, timberlands or farm woodlots to be used to help fund volunteer fire departments, supplement their workers’ compensation premiums, and to fund the counties based on their pro rata share of property taxes.
According to our interpretation, passage of this bill would result in $7.7 million in fee collections to benefit the Volunteer and Part-Volunteer Fire Departments Fee Fund.
Additional costs to the State Tax Department would be $125,000 a year. Fees on managed timberland, timberland and farm woodlots would have to be collected from each property owner. The State Treasury would also incur additional costs associated with the distribution of revenue from the Volunteer Part-Volunteer Fire Departments Fee Fund.
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 |
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):
According to our interpretation, passage of this bill would result in $7.7 million in fee collections to benefit the Volunteer and Part-Volunteer Fire Departments Fee Fund. Moneys from the Volunteer and Part-Volunteer Fire Departments Fee Fund shall be distributed as follows: $4.5 million into the Volunteer Fire Department Workers’ Compensation Subsidy Program, 50% of the remaining balance collected shall be distributed to volunteer fire departments in counties where the fire protection fee originated, and the remaining balance shall be distributed to the volunteer fire departments in counties from which the fire protection fee was collected on a pro rata share, based on both taxable and non-taxable certified real property valuation within the State.
Additional costs to the State Tax Department would be $125,000 a year. Fees on managed timberland, timberland and farm woodlots would have to be collected from each property owner. The State Treasury would also incur additional costs associated with the distribution of revenue from the Volunteer Part-Volunteer Fire Departments Fee Fund.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov