Date Requested:February 17, 2005
Time Requested:02:49 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2005R75 Intro HB2262
CBD Subject: Homestead Exemption Extension
FUND(S)
General Revenue Fund, local government
Sources of Revenue
General Fund,Other Fund local property tax
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary

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

    The stated purpose of this bill is to extend the deadline for filing for a homestead property tax exemption by thirty days.
    
    Passage of this bill would have no impact on State or local revenue.
    
    Additional administrative costs 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 0 1,000 0
Personal Services 0 0 0
Current Expenses 0 1,000 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0
3. Explanation of above estimates (including long-range effect):
    There would be no impact on State or local revenue. Additional administrative costs in the first year would be for printing and distribution of new applications with the revised date.

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