FISCAL NOTE
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund,Other Fund local property tax
Legislation creates:
A New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to exempt one motor vehicle owned by a state resident on active duty from ad valorem taxes.
The bill would result in an annual decrease of less than $200,000 in local property tax revenues and minimal loss in State revenue.
There would be no additional costs to the State or local governments.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2007
Increase/Decrease
(use"-") |
2008
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 |
-200,000 |
Explanation of above estimates (including long-range effect):
The bill would result in an annual decrease of less than $200,0000 in local property tax revenues and minimal loss in State revenue.
There would be no additional costs to the State or local governments.
Memorandum
The stated purpose of this bill is to exempt one motor vehicle owned by a state resident on active duty from ad valorem taxes.
This bill exempts from property tax one motor vehicle located in this State while the owner or part-owner is a resident of this State and is serving on active duty in the military services of the United States and is stationed outside the State on the first day of July of any assessment year. There is nothing in the West Virginia Constitution that allows for this exemption from property tax.
In addition, the term “active duty” in the military services of the United States is not defined. As written, a West Virginia resident who is in the reserves or National Guard would be eligible for this exemption if he or she was called to active duty for training outside West Virginia and is temporarily activated for any other purposes and, while activated, is stationed outside West Virginia on the first day of July.
Person submitting Fiscal Note: Mark Muchow
Email Address: kpetry@tax.state.wv.us