|Date Requested:February 10, 2011
Time Requested:12:12 PM
| FUND(S) |
Operator Permit Fees Fund
Sources of Revenue
Legislation creates:Neither Program nor Fund
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 and which was used for the operation of DEP's Division of Mining & Reclamation. The Synthetic Fuel Tax provided approximately $4 million per year. This bill proposes to provide an estimated $1.6 million per year in new revenue for the operation of the Division of Mining & Reclamation. Keeping the Division of Mining & Reclamation adequately funded helps West Virginia maintain primacy of its mining program.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||1,663,500||1,663,500|
3. Explanation of above estimates (including long-range effect):
The proposed legislation does not propose to increase or decrease costs to the State, but to provide a funding mechanism by which DEP's Division of Mining & Reclamation can remain adequately funded to carry out the purposes of the Division. The proposed legislation would raise approximately $1.6 million per year to make up an approximate $4 million shortfall in the Division's budget that came about as a result of the revenue lost upon the expiration of the Synthetic Fuels Tax in 2007.