FUND(S):

State Road Fund

Sources of Revenue:

Other Fund State Road 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 maintain conformity with the international fuel tax agreement.
    
     As written, this bill specifies that, on or after July 1, 2013, the provisions of Section R1230 of the International Fuel Tax Agreement (IFTA), as amended, would apply to motor fuel taxes collected in West Virginia under the International Fuel Tax Agreement. Section R1230 of the International Fuel Tax Agreement provides for continued conformity to a standard interest rate policy for all members, including the 48 contiguous United States and 10 Canadian provinces.
    
     According to our interpretation and based upon available data, passage of this bill will result in no substantial change in State Road Fund collections.
    
     There would be no additional administrative costs to the State Tax Department associated with this bill.



Fiscal Note Detail


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


Explanation of above estimates (including long-range effect):


     As written, this bill specifies that, on or after July 1, 2013, the provisions of Section R1230 of the International Fuel Tax Agreement (IFTA), as amended, would apply to motor fuel taxes collected in West Virginia under the International Fuel Tax Agreement. Section R1230 of the International Fuel Tax Agreement provides for continued conformity to a standard interest rate policy for all members, including the 48 contiguous United States and 10 Canadian provinces.
    
     According to our interpretation and based upon available data, passage of this bill will result in no substantial change in State Road Fund collections.
    
     There would be no additional administrative costs to the State Tax Department associated with this bill.
    



Memorandum


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