FISCAL NOTE
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund,Other Fund local governments
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 define "charitable exemptions" for purposes of the municipal business and occupation tax, authorize disclosure of property tax data by the assessor to the sheriff and municipal finance officers, authorize the Tax Department to share with local tax collection authorities federal employer identification numbers, and authorize the costs incurred to collect delinquent taxes to be shared by all levying bodies.
According to our interpretation, passage of this bill would provide local governments with information and other tools designed to enhance local tax enforcement and tax compliance. The bill also defines the parameters of charitable exemptions to exclude unrelated business income. Passage of this bill would result in an increase in local government tax collections.
Additional administrative costs cannot be readily determined.
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 |
0 |
Explanation of above estimates (including long-range effect):
According to our interpretation, passage of this bill would provide local governments with information and other tools designed to enhance local tax enforcement and tax compliance. The bill also defines the parameters of charitable exemptions to exclude unrelated business income. Passage of this bill would result in an increase in local government tax collections.
Additional administrative costs cannot be readily determined.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kpetry@tax.state.wv.us