Date Requested:March 22, 2005
Time Requested:04:59 PM
Agency: Development Office
CBD Number: Version: Bill Number: Resolution Number:
2005R1874 Intro SB730
CBD Subject: Grant Recipients to Provide Healthcare
FUND(S)
Sources of Revenue
General Fund
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

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

    The purpose of this bill is to require companies provide health care benefits to their employees in order to claim the Economic Opportunity Tax Credit. The West Virginia Development Office does not issue these tax credits and has no role in determining whether a company qualifies for this credit or not. Therfore we feel the fiscal impacts of this legislation should be addressed by 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):
    Not sure.


Memorandum
Person submitting Fiscal Note:
Carl D Smith
Email Address:
csmith@wvdo.org