Date Requested:January 12, 2012
Time Requested:02:07 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2012R1143 Introduced SB92
CBD Subject: CREDIT OR DEDUCTION FOR RECYCLING FEES
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 tax credit against tax for fees paid for recycling, not to exceed $600. The bill also grants rule-making authority.
    
    According to our interpretation, the passage of this bill would have no revenue impact upon the General Revenue Fund. This bill proposes a credit against personal income tax for fees “paid for recycling services” imposed by WV Code, §22-15-11, §22-15A-19 and §22-16-4. However, the aforementioned code sites impose a fee for the “the disposal of solid waste”. None of these code sites base the imposition of the fees on “recycling services”.
    
    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
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 0
3. Explanation of above estimates (including long-range effect):
    The stated purpose of this bill is to provide a tax credit against tax for fees paid for recycling, not to exceed $600. The bill also grants rule-making authority.
    
    According to our interpretation, the passage of this bill would have no revenue impact upon the General Revenue Fund. This bill proposes a credit against personal income tax for fees “paid for recycling services” imposed by WV Code, §22-15-11, §22-15A-19 and §22-16-4. However, the aforementioned code sites impose a fee for the “the disposal of solid waste”. None of these code sites base the imposition of the fees on “recycling services”.
    
    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
    The stated purpose of this bill is to provide a tax credit against tax for fees paid for recycling, not to exceed $600. The bill also grants rule-making authority.
    
    This bill proposes a credit against personal income tax for fees “paid for recycling services” imposed by WV Code, §22-15-11, §22-15A-19 and §22-16-4. However, the aforementioned code sites impose a fee for the “the disposal of solid waste”. None of these code sites base the imposition of the fees on “recycling services”.