Date Requested:March 07, 2005
Time Requested:01:05 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2005R411 Intro HB2905
CBD Subject: Tiger Morton Refund Program
FUND(S)
Special Fund
Sources of Revenue
Special Fund
Legislation creates:
A New Fund

Fiscal Note Summary

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

    The stated purpose of this bill is to create a voluntary tax check-off program to support James “Tiger” Morton Catastrophic Illness Fund.
    
    According to our interpretation, passage of this bill would result in the creation of a voluntary check-off line on personal income tax returns for taxpayers who wish to contribute to the “James ‘Tiger’ Morton Catastrophic Illness Fund”. The new check-off may result in the voluntary contribution of a modest amount of revenue for this fund. Passage of this bill would have no effect on General Revenue Fund collections.
    
    Passage of this bill would result in no additional administrative costs to the Tax Department.

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 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
3. Explanation of above estimates (including long-range effect):
    According to our interpretation, passage of this bill would result in the creation of a voluntary check-off line on personal income tax returns for taxpayers who wish to contribute to the “James ‘Tiger’ Morton Catastrophic Illness Fund”. The new check-off may result in the voluntary contribution of a modest amount of revenue for this fund. Passage of this bill would have no effect on General Revenue Fund collections.
    
    Passage of this bill would result in no additional administrative costs to the Tax Department.


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