Date Requested:February 10, 2005
Time Requested:04:25 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2005r706 intro hb2097
CBD Subject: senior citizens grace law for 2 years
FUND(S)
Local governments
Sources of Revenue
Other Fund Local governments
Legislation creates:
A New Program
Fiscal Note Summary

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

    The stated purpose of this bill is to provide that a person 65 years of age or older may redeem real estate owned by him or her by paying the delinquent taxes without other costs or liens if the owner redeems the real estate within 2 years after the taxes become delinquent.
    
    The revenue impact of this bill on the State and local governments cannot be determined.
    
    Additional administrative costs for the Tax Department and local governments cannot be determined
    
Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2005
Increase/Decrease
(use"-")		 2006
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 revenue impact of this bill on the State and local governments cannot be determined.
    
    Additional administrative costs for the Tax Department and local governments cannot be determined.
    

Memorandum
Person submitting Fiscal Note:
Mark Muchow
Email Address:
kpetry@tax.state.wv.us