FISCAL NOTE
Date Requested: January 09, 2019 Time Requested: 05:38 PM |
Agency: |
Tax & Revenue Department, WV State |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1034 |
Introduced |
SB58 |
|
CBD Subject: |
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Date Requested: January 10, 2018 Time Requested: 03:00 PM |
Agency: |
Tax & Revenue Department, WV State |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1383 |
Introduced |
SB120 |
|
CBD Subject: |
|
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FUND(S):
General Revenue Fund
Sources of Revenue:
General 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 restore the exception for florists from the general sourcing rules with respect to the collection of sales and use taxes.
A florist who is primarily engaged in the retail sale of cut flowers and flower arrangements is currently subject to the general transaction sourcing rules of the Streamlined Sales and Use Tax Agreement. This bill would reinstate the exception for florists, thereby requiring sourcing to be determined at the place where the order was taken. The exception would only apply to sellers whose gross sales or receipts from the sale of cut flowers and flower arrangements is more than 50 percent of total gross sales or receipts. According to our interpretation, the proposed bill would result in a minimal revenue impact to the General Revenue Fund.
Additional administrative cost to the State Tax Department would be $1,000 in FY2019. There would be no additional administrative costs in subsequent years.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2018 Increase/Decrease (use"-") |
2019 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
1,000 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
1,000 |
0 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
A florist who is primarily engaged in the retail sale of cut flowers and flower arrangements is currently subject to the general transaction sourcing rules of the Streamlined Sales and Use Tax Agreement. This bill would reinstate the exception for florists, thereby requiring sourcing to be determined at the place where the order was taken. The exception would only apply to sellers whose gross sales or receipts from the sale of cut flowers and flower arrangements is more than 50 percent of total gross sales or receipts. According to our interpretation, the proposed bill would result in a minimal revenue impact to the General Revenue Fund.
Additional administrative cost to the State Tax Department would be $1,000 in FY2019. There would be no additional administrative costs in subsequent years.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov