FISCAL NOTE
Date Requested: January 13, 2016 Time Requested: 04:39 PM |
Agency: |
Tax Department, State |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1038 |
Introduced |
SB38 |
|
CBD Subject: |
Tax |
---|
|
FUND(S):
State Road Fund
Sources of Revenue:
Other Fund State Road Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to remove certain discounts from the motor fuel excise tax.
By removing the 0.75 percent discount for distributors, the State Road Fund will gain an additional $1.7 million in funds per fiscal year.
Administrative costs to the Tax Department will be $34,000 in FY 2017.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2016 Increase/Decrease (use"-") |
2017 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
34,000 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
34,000 |
0 |
2. Estimated Total Revenues |
0 |
1,700,000 |
1,700,000 |
Explanation of above estimates (including long-range effect):
By removing the 0.75 percent discount for distributors, the State Road Fund will gain an additional $1.7 million in funds per fiscal year.
Administrative costs to the Tax Department will be $34,000 in FY 2017.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov