FISCAL NOTE
Date Requested: February 10, 2020 Time Requested: 11:06 AM |
Agency: |
Auditor, State of WV |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2773 |
Introduced |
HB4761 |
|
CBD Subject: |
Real and Personal Property |
---|
|
FUND(S):
Local Government
Sources of Revenue:
Other Fund Local Government
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed House Bill 4761 is to reduce from three years to one year the period allowed to set aside a deed when one entitled to notice in a tax sale was not notified.
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):
We were unable to identify any significant financial impacts created by the proposed legislation in terms of new expenses, cost savings or new revenues. Accordingly, we assess the proposed Bill as revenue-neutral.
Memorandum
We have no additional comments concerning the proposed Bill.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov