Date Requested:February 27, 2013
Time Requested:11:25 AM
Agency: State Tax & Revenue Department
CBD Number: Version: Bill Number: Resolution Number:
2013R2177 Introduced HB2585
CBD Subject: INCREASED ASSESSEMENT
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 increase from five days to fifteen business days the amount of time in which a petition may be filed after a property owner receives notice of an increased assessment of real property.
    
    This bill allows a taxpayer additional time to file a petition for review after the taxpayer has received a notice of an increased assessment of real property. There will be no revenue impact associated with passage of this bill.
    
    There will be no additional costs for the State Tax Department. A minimal increase in administrative costs to local governments may occur if the additonal time allowed results in more petitions being filed.
    

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):
    This bill allows a taxpayer additional time to file a petition for review after the taxpayer has received a notice of an increased assessment of real property. There will be no revenue impact associated with passage of this bill.
    
    There will be no additional costs for the State Tax Department. A minimal increase in administrative costs to local governments may occur if the additional time allowed results in more petitions being filed.
    


Memorandum
Person submitting Fiscal Note:
Mark B. Muchow
Email Address:
Roger.D.Cox@wv.gov