Date Requested:February 22, 2013
Time Requested:01:15 PM
Agency: State Tax & Revenue Department
CBD Number: Version: Bill Number: Resolution Number:
2013R1971 Introduced HB2475
CBD Subject: AUTISM SUPPORT
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 require the Department of Health and Human Resources to provide matching funds up to $2,000, dollar for dollar each calendar year, to any funds donated by the parents of a minor into a trust account created after the minor has been diagnosed with an autism spectrum disorder, with the money from said trust to be disbursed to help pay expenses for the care of said minor and otherwise be exempt for state income tax purposes.
    
     As written, this bill would exempt from Personal Income Tax matching funds provided by the Department of Health and Human Resources into a trust account set up by the parents of a minor diagnosed with autism spectrum disorder to help pay expenses for the care of the minor. While there would be budget implications for the Department of Health and Human Resources, there would be no tax revenue consequences from the passage of this bill if such a trust account is established as a Qualified Disability Trust. Also, on the Federal level, Qualified Disability Trusts are allowed an income tax exemption of $3,900.
    
     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 require the Department of Health and Human Resources to provide matching funds up to $2,000, dollar for dollar for each calendar year, to any funds donated by the parents of a minor into a trust account created after the minor has been diagnosed with an autism spectrum disorder, with the money from said trust to be disbursed to help pay expenses for the care of said minor and otherwise be exempt for state income tax purposes.
    
     As written, this bill would exempt from Personal Income Tax matching funds provided by the Department of Health and Human Resources into a trust account set up by the parents of a minor diagnosed with autism spectrum disorder to help pay expenses for the care of the minor. While there would be budget implications for the Department of Health and Human Resources, there would be no tax revenue consequences from the passage of this bill if such a trust account is established as a Qualified Disability Trust. Also, on the Federal level, Qualified Disability Trusts are allowed an income tax exemption of $3,900.
    
     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