FISCAL NOTE
FUND(S):
3200
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.
HB2845 creates a Class XS lifetime senior citizen’s hunting, fishing and trapping license. The one-time fee for the Class XS license will be $25. HB2845 will allow the Division of Natural Resources to capture $5.25 per senior annually in additional federal funding from reimbursement of federal excise taxes on sporting arms and ammunition. West Virginia’s senior sportsmen are currently paying these excise taxes but the funds are being distributed only to states that license senior sportsmen. The bill would exempt those currently 65 and older from payment of the license fee. The bill will increase revenue by $180,000 in the first year and then by an increasing amount each year thereafter, peaking at $500,000 annually at the peak of baby-boom retirements in 2023.
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 |
1,000 |
1,000 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
1,000 |
1,000 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
180,000 |
200,000 |
Explanation of above estimates (including long-range effect):
HB2845 creates a Class XS lifetime senior citizen’s hunting, fishing and trapping license. West Virginia seniors are currently exempt from the requirement to possess a hunting, fishing and trapping license. The one-time fee for the proposed Class XS license will be $25. HB2845 will allow the Division of Natural Resources to capture $5.25 per senior annually in additional federal funding from reimbursement of federal excise taxes on sporting arms and ammunition. West Virginia’s senior sportsmen are currently paying these excise taxes but the funds are being distributed only to states that license senior sportsmen. The bill would exempt those currently 65 and older from payment of the Class XS license fee. An estimated 6,000 sportsmen will purchase these licenses each year. 6,000 X $5.25=$31,500 in federal revenue. 6,000X$25=$150,000 in license fees. Revenues will peak in 2023 at approximately $500,000 annually.
Memorandum
Person submitting Fiscal Note: Steve Brown
Email Address: Walter.S.Brown@wv.gov