Date Requested:March 19, 2013
Time Requested:11:42 AM
Agency: State Tax & Revenue Department
CBD Number: Version: Bill Number: Resolution Number:
2013R2488 Introduced SB511
CBD Subject: VETERAN'S AUXILIARY FUND"
FUND(S)
General Revenue Fund, West Virginia Veterans Auxiliary Fund
Sources of Revenue
General Fund,Other Fund West Virginia Veterans Au
Legislation creates:
A New Fund

Fiscal Note Summary

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

     The purpose of this bill is to create a Veterans Auxiliary Fund to assist with the mission of the Department of Veterans Assistance, and to provide for donations to the fund by income tax return checkoff and by contributions facilitated by motor vehicle registration renewal forms.
    
     As written, this bill proposes to establish a voluntary Personal Income Tax return checkoff for Taxpayers to designate all or part of their tax refund for designation to the West Virginia Veterans Auxiliary Fund and to establish a voluntary motor vehicle registration renewal form checkoff provision for donations to the West Virginia Veterans Auxiliary Fund. Also, the bill proposes to establish a program to recognize private donors to the West Virginia Veterans Auxiliary Fund.
    
     It is expected that the Division of Motor Vehicles and the Department of Veterans Assistance will submit Fiscal Notes on the potential impact on revenues and costs related to the bill’s provisions regarding motor vehicle registration and the private donor recognition program, respectively. According to the interpretation of the State Tax Department, passage of this bill would result in the creation of a voluntary checkoff line on Personal Income Tax returns for taxpayers who wish to contribute to the “West Virginia Veterans Auxiliary Fund Program.” The new checkoff may result in the voluntary contribution of a modest sum of funds to provide a source of revenue for the West Virginia Veterans Auxiliary Fund. Passage of this bill would have no effect on General Revenue Fund collections.
    
     Additional administrative costs to the State Tax Department would be minimal.
    

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):
     As written, this bill proposes to establish a voluntary Personal Income Tax return checkoff for Taxpayers to designate all or part of their tax refund for designation to the West Virginia Veterans Auxiliary Fund and to establish a voluntary motor vehicle registration renewal form checkoff provision for donations to the West Virginia Veterans Auxiliary Fund. Also, the bill proposes to establish a program to recognize private donors to the West Virginia Veterans Auxiliary Fund.
    
     It is expected that the Division of Motor Vehicles and the Department of Veterans Assistance will submit Fiscal Notes on the potential impact on revenues and costs related to the bill’s provisions regarding motor vehicle registration and the private donor recognition program, respectively. According to the interpretation of the State Tax Department, passage of this bill would result in the creation of a voluntary checkoff line on Personal Income Tax returns for taxpayers who wish to contribute to the “West Virginia Veterans Auxiliary Fund Program.” The new checkoff may result in the voluntary contribution of a modest sum of funds to provide a source of revenue for the West Virginia Veterans Auxiliary Fund. Passage of this bill would have no effect on General Revenue Fund collections.
    
     Additional administrative costs to the State Tax Department would be minimal.
    


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