Date Requested:January 13, 2011
Time Requested:12:41 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2011R1143 Introduced HB2262
CBD Subject: DEDUCTION FOR CONTRIBUTION TO PARKS
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 allow a deduction from the adjusted gross income of a taxpayer for contributions to the maintenance and improvement of state, county and municipal parks.
    
    According to our interpretation, passage of this bill would result in a reduction in General Revenue Fund collections by roughly $800,000 or less per year beginning in FY2012. The bill would create a new decreasing modification of up to $3,000 per taxpayer for contributions made to State, county or municipal parks.
    
    If all returns would be accepted as filed, there would be no additional administrative costs to the State Tax Department.
    

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
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 -800,000 -800,000
3. Explanation of above estimates (including long-range effect):
    This bill adds a new decreasing modification of up to $3,000 per taxpayer for contributions made to State, county or municipal parks. This new decreasing modification would reduce General Revenue Fund collections by $800,000 or less per year beginning in FY2012. The bill would require regulations to determine the timing of qualified contributions for purposes of this decreasing modification.
    
    If all returns would be accepted as filed, there would be no additional administrative costs to the Tax Department.
    


Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kerri.r.petry@wv.gov
    The stated purpose of this bill is to allow a deduction from the adjusted gross income of a taxpayer for contributions to the maintenance and improvement of state, county and municipal parks.
    
    The bill allows for a decreasing modification for monetary contributions to any state, county or municipal park or the fair market value of any services contributed to such parks not to exceed $3,000. No formula is provided for determining the fair market value of the services provided. In addition, the terms “park” and “services” are not defined in the bill.