FISCAL NOTE
Date Requested: February 19, 2018 Time Requested: 01:25 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2708 |
Introduced |
SB589 |
|
CBD Subject: |
Motor Vehicles |
---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New 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 authorize the issuance of special personalized license plates for owners of antique motor vehicles.
The legislation would generate revenue of $40 per customer and a $15 per year reservation fee for a total of $55 annually.
The average plate fee for this type of plate is $8.50 per plate. Programming the cash register to accept this fee will cost an estimated $3,910. The cost to program the main frame vehicle system to accept multiple vehicles with the same plate number is estimated at $2,575.
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 |
6,485 |
9 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
6,485 |
9 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
55 |
55 |
Explanation of above estimates (including long-range effect):
Programming $6,485
Plate $8.50
Total $6,485
Annual Fee/Customer $40
Reservation fee $15
Total $55
Memorandum
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov