FUND(S):

3301

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.


    This bill partially replaces a revenue stream from a tax on Synthetic Fuels which expired in 2007 that was used for operation of WVDEP Mining Division. The bill provides an estimated $1.6 million per year in new revenue for operation of WVDEP's Mining Division. The WVDEP anticipates submission of additional legislation in the future to further address the Mining Division's funding needs in light of the expiration of the Synthetic Fuel tax. The Synthetic Fuel tax provided approximately $4 million per year.



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 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 1,600,000 1,600,000


Explanation of above estimates (including long-range effect):


    Type Current Proposed Change Number Revenue (projected)
    SMA/Amendments $1,000 $3,000 2,000 92 $276,000
    Transfers 0 $1,500 1,500 45 $67,500
    Renewals $2,000 $2,500 500 200 $500,000
    Operator
    Assignment 0 $1,000 1,000 60 $60,000
    
    Prospect
    (< 250 tons) 0 $1,500 1,500 170 $255,000
    
    Significant
    Revisions
    (includes IBR’s)0 $500 500 90 $45,000
    
    Revisions
    (includes IBR’s)0 $500 500 720 $360,000
    
    Inactive Status 0 $500 500 80 $40,000
    
    Total Projected $1,603,500
    



Memorandum


    



    Person submitting Fiscal Note: Thomas L. Clarke
    Email Address: Thomas.L.Clarke@wv.gov