FISCAL NOTE
FUND(S):
General Revenue Fund
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 stated purpose of this bill is to clarify the definition of tangible personal property and the definitions of “transmission” and “transportation” as those terms are used when exempting from sales tax certain purchases by persons engaged in the business of transmission or transportation of tangible personal property to clarify that they mean “transmission” and “transportation” for others and do not include transmission and transportation for themselves and not for others.
The passage of this bill would not have any revenue consequences for the State.
There would be no additional administrative costs to the Tax Department.
Fiscal Note Detail
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 |
Explanation of above estimates (including long-range effect):
Passage of this bill would to clarify the definition of tangible personal property and the definitions of “transmission” and “transportation” as those terms are used when exempting from sales tax certain purchases by persons engaged in the business of transmission or transportation of tangible personal property to clarify that they mean “transmission” and “transportation” for others and do not include transmission and transportation for themselves and not for others.
The passage of this bill would not have any revenue consequences for the State.
There would be no additional administrative costs to the Tax Department.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kpetry@tax.state.wv.us