FISCAL NOTE

Date Requested: January 24, 2020
Time Requested: 01:25 PM
Agency: Health and Human Resources, WV Department of
CBD Number: Version: Bill Number: Resolution Number:
2588 Introduced SB622
CBD Subject: Taxation


FUND(S):

N/A

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Fund:



Fiscal Note Summary


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


The purpose of this bill is to authorize taxation of prescription opioids. As collections of the proposed tax are administered by the Department of Revenue, any expenditures from the newly created Addiction and Neonatal Addiction Care Fund would be based on the level of revenues received. Therefore, the Department estimates no fiscal impact relating to this bill.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2020
Increase/Decrease
(use"-")
2021
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):






Memorandum






    Person submitting Fiscal Note: Bill J. Crouch
    Email Address: dhhrbudgetoffice@wv.gov