Date Requested:February 27, 2009
Time Requested:01:35 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
Comm. Sub. HB2470
CBD Subject: K-12 SCHOOL SELLS EXEMPTION
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 exempt all schools which include grades kindergarten through grade twelve from paying consumer sales tax on items the school sells.
    
    As written, this bill would exempt the first $200,000 in sales of tangible personal property and services by any public or private school, which maintains a regular faculty and curriculum and has a regularly enrolled body of students, from the Consumers Sales and Service Tax. Based upon available data, there would be minimal loss of revenue to the General Revenue Fund from this exemption.
    
    Additional administrative costs to the State Tax Department from the passage of this bill would be minimal.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2009
Increase/Decrease
(use"-")
2010
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 4,000 0 0
Personal Services 0 0 0
Current Expenses 4,000 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0
3. Explanation of above estimates (including long-range effect):
    The stated purpose of this bill is to exempt all schools which include grades kindergarten through grade twelve from paying consumer sales tax on items the school sells.
    
    As written, this bill would exempt the first $200,000 in sales of tangible personal property and services by any public or private school, which maintains a regular faculty and curriculum and has a regularly enrolled body of students, from the Consumers Sales and Service Tax. Based upon available data, there would be minimal loss of revenue to the General Revenue Fund from this exemption.
    
    Additional administrative costs to the State Tax Department from the passage of this bill would be minimal.
    


Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kpetry@tax.state.wv.us