Date Requested:February 14, 2013
Time Requested:01:20 PM
Agency: Tax Department, State
CBD Number: Version: Bill Number: Resolution Number:
2013R1427 Introduced SB19
CBD Subject: RECYCLING PAID FEES TAX CREDIT
FUND(S)
General Revenue
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 credit against personal income 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
2013
Increase/Decrease
(use"-")
2014
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 credit against personal income 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 B. Muchow
Email Address:
Roger.D.Cox@wv.gov
     The stated purpose of this bill is to provide a credit against personal income 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”.