FISCAL NOTE
FUND(S):
Road Fund; Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to exempt non-profit organizations from paying an annual motor vehicle registration fee for vehicles used exclusively to carry out its goals and purposes.
A search of the West Virginia Secretary of State’s web-site database revealed 26,538 non-profit corporations registered in January 2011.
The Division of Motor Vehicles nor the Secretary of State’s Office has no idea the number of vehicles that are registered by each of the different organizations.
Assuming that each non-profit organization has one vehicle registered and that vehicle pays a registration fee of $30.00 per year, the total loss of revenue would be $796,140.
The revenue loss would be $769,602 in registration fees, $26,538 in litter control fees and $4,019 in compulsory insurance fees.
No additional cost is associated with this bill.
Fiscal Note Detail
| 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 |
-796,140 |
-796,140 |
-796,140 |
Explanation of above estimates (including long-range effect):
Revenue Loss
Estimated Number of Vehicles 26,538
Registration Fee $ 30.00
Total Loss of Revenue $ 796,140
Breakdown of Revenue
Registration (Road Fund) $ 28.50
Litter Control (Road Fund) $ 1.00
Insurance (Special Revenue) $ .50
Total Class A Registration Fee $ 30.00
Memorandum
Person submitting Fiscal Note: Jerry L. Conrad, Director
Email Address: Jerry.L.Conrad@wv.gov