Date Requested:February 01, 2011
Time Requested:04:33 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2011R2461 Introduced HB2953
CBD Subject: COALBED METHANE GAS TAX PROCEEDS
FUND(S)
General Revenue Fund, West Virginia Infrastructure Fund, county funds
Sources of Revenue
General Fund,Other Fund see above
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 specify that a minimum share of coalbed methane severance tax revenue be distributed to producing counties in an amount at least equal to the share received by nonproducing counties. The bill also amends the code to direct the severance tax revenues for coalbed methane producing and nonproducing counties be distributed to the county economic development authorities in lieu of the infrastructure fund.
    
    As written, this bill proposes a change in the allocation to producing and nonproducing counties of the Severance Tax attributable to coalbed methane. The changes to the bill are merely to provide a more equitable allocation of designated revenue. While there may be some minor changes in the allocation of revenue among counties, passage of the bill will not result in any change in total designated revenue.
    
    There would be no additional administrative costs to the State Tax Department associated with passage of this bill. However, the Development Office may incur additional administrative expenses attributable to passage of 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 proposes a change in the allocation to producing and nonproducing counties of the Severance Tax attributable to coalbed methane. The changes to the bill are merely to provide a more equitable allocation of designated revenue. While there may be some minor changes in the allocation of revenue among counties, passage of the bill will not result in any change in total designated revenue.
    
    There would be no additional administrative costs to the State Tax Department associated with passage of this bill. However, the Development Office may incur additional administrative expenses attributable to passage of this bill.
    


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