Date Requested:February 14, 2013
Time Requested:02:55 PM
Agency: State Tax & Revenue Department
CBD Number: Version: Bill Number: Resolution Number:
2013R1619 Introduced HB2464
CBD Subject: ASSESSMENT OF TRANSIENTS PERSONAL PROPERTY.
FUND(S)
General Revenue Fund, local governments
Sources of Revenue
General Fund,Other Fund Local Property Tax Revenu
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 for the assessment of personal property of transients who provide temporary employment services within any county of the state for a period of at least thirty days and for the payment of taxes on the value of the assessed property.
    
     In addition to information in the stated purpose, this bill would require the county assessor to enter all assessments and valuations of such transient personal property on the personal property books and require the sheriff to provide a receipt. According to our interpretation of this bill, the increase in tax revenue that may result from passage of this bill cannot be readily determined. The capacity to effectively collect Property Taxes on transient tangible personal property that is not due for more than a year after assessment would be in great doubt.
    
     Passage of this bill would increase administrative costs of local governments by an undetermined amount.

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 for the assessment of personal property of transients who provide temporary employment services within any county of the state for a period of at least thirty days and for the payment of taxes on the value of the assessed property.
    
     In addition to information in the stated purpose, this bill would require the county assessor to enter all assessments and valuations of such transient personal property on the personal property books and require the sheriff to provide a receipt. According to our interpretation of this bill, the increase in tax revenue that may result from passage of this bill cannot be readily determined. The capacity to effectively collect Property Taxes on transient tangible personal property that is not due for more than a year after assessment would be in great doubt.
    
     Passage of this bill would increase administrative costs of local governments by an undetermined amount.


Memorandum
Person submitting Fiscal Note:
Mark B. Muchow
Email Address:
Roger.D.Cox@wv.gov
     The stated purpose of this bill is to provide for the assessment of personal property of transients who provide temporary employment services within any county of the state for a period of at least thirty days and for the payment of taxes on the value of the assessed property.
    
     As written, the bill contains a number of terms that are not clearly defined, which could result in different interpretations that could increase administrative difficulties and costs.