Date Requested:January 28, 2011
Time Requested:06:31 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2011R2321 Introduced HB2913
CBD Subject: DEFINITION OF "ELIGIBLE TAXPAYER"
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 make a technical correction in the definition of “eligible taxpayer” in §11-24-11b, relating to the corporation net income tax.
    
    As written, this bill makes a change in the West Virginia Code reference in the definition of “eligible taxpayer.” While the original language provided a general definition of “eligible taxpayer” as a person subject to the Business and Occupation Tax, additional identification of the intended “eligible taxpayer” group inadvertently pointed to back to the Corporation Net Income Tax. The bill changes the additional identification to reference the appropriate Business and Occupation Tax Section.
    
    Since the bill, as written, merely makes a technical correction, it is our interpretation that the passage of the bill will have little or no impact on revenue.
    
    There will be no additional administrative costs to the State Tax Department associated with this bill.
    

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):
    As written, this bill makes a change in the West Virginia Code reference in the definition of “eligible taxpayer.” While the original language provided a general definition of “eligible taxpayer” as a person subject to the Business and Occupation Tax, additional identification of the intended “eligible taxpayer” group inadvertently pointed to back to the Corporation Net Income Tax. The bill changes the additional identification to reference the appropriate Business and Occupation Tax Section.
    
    Since the bill, as written, merely makes a technical correction, it is our interpretation that the passage of the bill will have little or no impact on revenue.
    
    There will be no additional administrative costs to the State Tax Department associated with this bill.
    


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