Date Requested:January 13, 2011
Time Requested:05:33 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2011R1577 Introduced HB2111
CBD Subject: 1% OF FOOD TAX FOR ROAD MAINTENANCE
FUND(S)
General Revenue Fund & Special Road Fund
Sources of Revenue
General Fund,Special Fund
Legislation creates:
A New Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    The stated purpose of this bill is to dedicate a portion of the receipts from the tax on food products to be distributed equally to each district of the Division of Highways for the maintenance of secondary roads.
    
    As written, the passage of this bill would result in a transfer of about $26 million per year from the General Revenue Fund to the Division of Highways.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill if the transfer from the General Revenue Fund occurs one month in arrears to allow for proper accounting of funds collected.
    

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 0 0
3. Explanation of above estimates (including long-range effect):
    The stated purpose of this bill is to dedicate a portion of the receipts from the tax on food products to be distributed equally to each district of the Division of Highways for the maintenance of secondary roads.
    
    As written, the passage of this bill would result in a transfer of about $26 million per year from the General Revenue Fund to the Division of Highways.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill if the transfer from the General Revenue Fund occurs one month in arrears to allow for proper accounting of funds collected.
    


Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kerri.r.petry@wv.gov
    The stated purpose of this bill is to dedicate a portion of the receipts from the tax on food products to be distributed equally to each district of the Division of Highways for the maintenance of secondary roads.
    
    The proposed language in this bill does not provide for any specifically named fund to be established by the Commissioner of Highways.