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