Date Requested:February 10, 2011
Time Requested:04:56 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2011R2126 Introduced SB483
CBD Subject: HOMEOWNERS ASSOCIATIONS EXEMPT
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 exempt from consumers sales and service tax homeowners’ association dues, fees and assessments paid by members thereof which are to be used by the homeowners’ association acting in its representative capacity for all members to purchase for the members, rather than sell to the members, such goods and services.
    
    This bill proposes to exempt homeowners’ association dues from the Consumers Sales Tax. As a result, there would be minimal revenue loss to the General Revenue Fund from the passage of this bill.
    
    There would be no additional administrative costs to the State Tax Department from the 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):
    The stated purpose of this bill is to exempt from consumers sales and service tax homeowners’ association dues, fees and assessments paid by members thereof which are to be used by the homeowners’ association acting in its representative capacity for all members to purchase for the members, rather than sell to the members, such goods and services.
    
    This bill proposes to exempt homeowners’ association dues from the Consumers Sales Tax. As a result, there would be minimal revenue loss to the General Revenue Fund from the passage of this bill.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill.
    


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