FISCAL NOTE



FUND(S):

General Revenue Fund, West Virginia Infrastructure Fund, County Funds

Sources of Revenue:

General Fund,Other Fund see above

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 cause a minimum share of severance tax to be distributed to coalbed methane producing counties by requiring that less productive coalbed methane producing counties have a share at least equal to nonproducing counties. As written, this bill proposes a change in the allocation to producing and nonproducing counties of the Severance Tax attributable to coalbed methane. The changes to the bill are merely to provide a more equitable allocation of designated revenue. While there may be some minor changes in the allocation of revenue among counties, passage of the bill will not result in any change in total designated revenue. There would be no additional administrative costs to the State Tax Department associated with passage of this bill.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2010
Increase/Decrease
(use"-")
2011
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):


As written, this bill proposes a change in the allocation to producing and nonproducing counties of the Severance Tax attributable to coalbed methane. The changes to the bill are merely to provide a more equitable allocation of designated revenue. While there may be some minor changes in the allocation of revenue among counties, passage of the bill will not result in any change in total designated revenue. There would be no additional administrative costs to the State Tax Department associated with passage of this bill.



Memorandum






    Person submitting Fiscal Note: Mark Muchow
    Email Address: kerri.r.petry@wv.gov