FISCAL NOTE
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund,Other Fund local property tax
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 ensure that mandated mine safety equipment is assessed at salvage value.
The loss of revenue to the State and local governments cannot be determined.
There would be a one-time programming cost of $25,000 to the State Tax Department for computer programming changes on the statewide property tax computer network. Other additional administrative costs to the State Tax Department cannot be determined. There would be no additional administrative costs to local governments.
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 loss of revenue to the State and local governments cannot be determined.
There would be a one-time programming cost of $25,000 to the State Tax Department for computer programming changes on the statewide property tax computer network. Other additional administrative costs to the State Tax Department cannot be determined. There would be no additional administrative costs to local governments.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov