Date Requested:January 24, 2011
Time Requested:04:28 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2011R1254 Introduced HB2811
CBD Subject: EXEMPT SALES OF TANGIBLE PERSONAL PROPERTY
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 exempt sales of personal tangible property and services by public and private schools from consumer sales and service tax.
    
    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.
    
    Additional administrative costs to the State Tax Department from the passage of this bill would be minimal.
    

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 exempt sales of personal tangible property and services by public and private schools from consumer sales and service tax.
    
    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.
    
    Additional administrative costs to the State Tax Department from the passage of this bill would be minimal.
    


Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kerri.r.petry@wv.gov