FISCAL NOTE

Date Requested: February 08, 2017
Time Requested: 04:49 PM
Agency: Motor Vehicles, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
1242 Introduced HB2078
CBD Subject: Motor Vehicles


FUND(S):

Road Fund

Sources of Revenue:

Special Fund

Legislation creates:

A New Program



Fiscal Note Summary


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


The purpose of this bill is to allow the issuance of a special volunteer fire fighter registration plate for a five-year period. Currently the volunteer firefighter plates must be renewed each year. Going to a five year renewal would eliminate the annual renewal fee for four years following the initial purchase. At current levels this would mean an annual revenue loss of $53,670 per year or, a loss of $214,680 for the four year of no cost.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
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 -53,670 -53,670 -53,670


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


1,789 Volunteer Fire Fighter Plates $ 30 Annual Renewal Price $ 53,670 Lost Revenue from 5 Year Volunteer Fire Fighter Plates per Year



Memorandum






    Person submitting Fiscal Note: Raeann Kriner
    Email Address: raeann.k.kriner@wv.gov