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 conform the provisions of the West Virginia Streamlined Sales and Use Tax statute, West Virginia Code §11-15B, to the current provisions of the Streamlined Sales and Use Tax Agreement as amended, to provide certain definitions of terms and to make certain technical and typographical corrections.
As written, this bill provides definitions for clothing, clothing accessories, and “Energy Star Qualified Product,” and school supplies among others. According to our interpretation, passage of this bill will result in conformity with the Governor’s official revenue estimates for FY2009.
Additional administrative costs to the State Tax Department associated with this bill will be minimal.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2008 Increase/Decrease (use"-") |
2009 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 conform the provisions of the West Virginia Streamlined Sales and Use Tax statute, West Virginia Code §11-15B, to the current provisions of the Streamlined Sales and Use Tax Agreement as amended. As written, this bill provides definitions for clothing, clothing accessories, and “Energy Star Qualified Product,” and school supplies among others. According to our interpretation, passage of this bill will result in conformity with the Governor’s official revenue estimates for FY2009.
Additional administrative costs to the State Tax Department associated with this bill will be minimal.
Memorandum
The stated purpose of this bill is to conform the provisions of the West Virginia Streamlined Sales and Use Tax statute, West Virginia Code §11-15B, to the current provisions of the Streamlined Sales and Use Tax Agreement as amended, to provide certain definitions of terms and to make certain technical and typographical corrections.
Within the definition for “school art supply,” the all-inclusive list uses the phrase “lay and glazes” where the phrase should probably be “clay and glazes.”
Person submitting Fiscal Note: Mark Muchow
Email Address: kpetry@tax.state.wv.us