FISCAL NOTE
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund,Other Fund local property tax
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 amend the State Constitution to exempt certain property owned by the Boy Scouts of America, or an affiliate or affiliates, that is leased or used to generate revenue for the organization.
The revenue impact of this proposal cannot be determined since the proposal pertains mostly to Property Taxes on future investments by the Boy Scouts. The property owned in Fayette and Raleigh counties by a Boy Scout affiliate is currently being treated as mostly exempt.
Additional administrative costs would be minimal.
Fiscal Note Detail
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 |
Explanation of above estimates (including long-range effect):
The revenue impact of this proposal cannot be determined since the proposal pertains mostly to Property Taxes on future investments by the Boy Scouts. The property owned in Fayette and Raleigh counties by a Boy Scout affiliate is currently being treated as mostly exempt. However, if this land and mineral rights were taxable, they would be generating approximately $300,000 a year in Property Taxes.
Additional administrative costs would be minimal.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov