Date Requested:January 11, 2012
Time Requested:04:15 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2012R1112 Introduced SB69
CBD Subject: TAX CREDIT FOR CERTAIN FIREMEN
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 provide a $250 tax credit to firefighters who have up to date credentials for the taxable year.
    
    The proposed bill states that any firefighter who has up to date credentials for a taxable year will be entitled to a $250 credit against his or her personal income tax for that tax year. Passage of this bill would result in a loss to the General Revenue Fund of roughly $2.1 million per year beginning in FY2014. Due to the lack of an internal effective date, this bill would not become effective until the 2013 tax year.
    
    There would be no additional administrative costs to the State Tax Department.
    

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2012
Increase/Decrease
(use"-")
2013
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 -2,100,000
3. Explanation of above estimates (including long-range effect):
    The proposed bill states that any firefighter who has up to date credentials for a taxable year will be entitled to a $250 credit against his or her personal income tax for that tax year. Passage of this bill would result in a loss to the General Revenue Fund of roughly $2.1 million per year beginning in FY2014. Due to the lack of an internal effective date, this bill would not become effective until the 2013 tax year.
    
    There would be no additional administrative costs to the State Tax Department.
    


Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kerri.r.petry@wv.gov
    The stated purpose of this bill is to provide a $250 tax credit to firefighters who have up to date credentials for the taxable year.
    
    The bill provides no definition of “up to date credentials” or “Firefighter”, and the bill also fails to identify who will determine that the individual is “up to date” and how that determination will be made.