FISCAL NOTE
FUND(S):
General Revenue Fund
Sources of Revenue:
General Fund
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 sales of personal tangible property and services by public and private schools from consumer sales tax and service.
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.
There would be no additional administrative costs to the State Tax Department from the 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):
The stated purpose of this bill is to exempt sales of personal tangible property and services by public and private schools from consumer sales tax and service.
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.
There would be no additional administrative costs to the State Tax Department from the passage of this bill.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov