Date Requested:February 14, 2005
Time Requested:03:19 PM
Agency: State Tax Department
CBD Number: Version: Bill Number: Resolution Number:
2005r474 intro sb188
CBD Subject: reform of tax laws
FUND(S)
General Revenue Fund, State Road Fund, Medicaid State Share Fund, Special Medical School Fund, local governments
Sources of Revenue
General Fund,Other Fund
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 rewrite the tax laws of the state to become effective upon the voter’s ratification of the Fair Taxation Amendment to the Constitution of West Virginia.
    
    Due to the magnitude of proposed tax law revisions, the Tax Department is unable to accurately estimate the revenue impact nor the additional administrative costs associated with passage of this bill during a normal Legislative session.
    
    

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):
    Due to the magnitude of proposed tax law revisions, the Tax Department is unable to accurately estimate the revenue impact nor the additional administrative costs associated with passage of this bill during a normal Legislative session.


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