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 permit the Legislature to establish personal property tax deferrals and exemptions for members of the armed forces or national guard while they are assigned to active military service outside the state.
The loss of revenue to the State and local governments cannot be determined. However, since most counties already exempt a vehicle of active military personnel stationed outside West Virginia, the tax impact would be minimal.
Additional cost to the State Tax Department or local governments or local governments 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 loss of revenue to the State and local governments cannot be determined. However, since most counties already exempt a vehicle of active military personnel stationed outside West Virginia, the tax impact would be minimal.
Additional cost to the State Tax Department or local governments or local governments would be minimal.
Memorandum
The stated purpose of this bill is to amend the State Constitution to permit the Legislature to establish personal property tax deferrals and exemptions for members of the armed forces or national guard while they are assigned to active military service outside the state.
The proposed amendment would be inconsistent with the provisions of West Virginia Constitution Article X, Section 1, which authorizes exemptions from property taxes based on specific uses of the property (i.e., educational, literary, scientific, religious or charitable purposes).
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov