Date Requested:February 16, 2005
Time Requested:01:59 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2005R778 Intro HB2265
CBD Subject: Funeral Related Items Exempted
FUND(S)
General Revenue Fund
Sources of Revenue
General Fund
Legislation creates:
A New Program

Fiscal Note Summary

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

    The stated purpose of this bill is to exempt from consumer sales tax sales of burial or funeral goods sold at retail directly to the public by a licensed funeral home or director which will be used in connection with the funeral or alternative for final disposition of human remains.
    
    According to our interpretation of this bill and based upon available data, it is estimated that passage of this bill would result in a reduction in the State General Revenue Fund of approximately $3.1 million per year.
    
    Annual administrative costs to the State Tax Department would be minimal.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2005
Increase/Decrease
(use"-")
2006
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 4,000 0 0
Personal Services 0 0 0
Current Expenses 4,000 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 -3,100,000 -3,100,000
3. Explanation of above estimates (including long-range effect):
    According to our interpretation of this bill and based upon available data, it is estimated that passage of this bill would result in a reduction in the State General Revenue Fund of approximately $3.1 million per year.
    
    Current expenses in Fiscal Year 2005 represent costs to print notices of the proposed exemption.


Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kpetry@tax.state.wv.us