Date Requested:March 07, 2013
Time Requested:02:41 PM
Agency: Motor Vehicles, Division of
CBD Number: Version: Bill Number: Resolution Number:
2013R2579 Introduced SB473
CBD Subject: LICENSE PLATE RENEWAL
FUND(S)
Road Fund
Sources of Revenue
Special Fund
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

     The purpose of this bill is to change the Bronze Star recipient registration plate from an annual registration renewal to a ten-year registration renewal.
    
     There is an initial $10 fee along with the $30 annual registration with this plate. As of October 2012, there were 770 Bronze Star license plates registered.
    
     Eliminating the annual registration for this plate would result in a revenue loss of $23,100 annually.
    

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 -23,100 -23,100 -23,100
3. Explanation of above estimates (including long-range effect):
    Revenue Loss:
    
     Annual Bronze Star Registration Renewals 770
     Annual Renewal per Registration $30
    
    Total Revenue Loss:
     770 Renewals x $30 Annual Renewal Fee = $ 23,100
    


Memorandum
Person submitting Fiscal Note:
Jerry L. Conrad
Email Address:
Jerry.L.Conrad@wv.gov