FISCAL NOTE
Date Requested: January 18, 2018
Time Requested: 02:58 PM |
| Agency: |
Health and Human Resources, WV Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1312 |
Introduced |
SB316 |
|
|---|
| CBD Subject: |
Taxation |
|---|
|
FUND(S):
0403 - Div of Human Services General Administrative Fund
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to reduce the impact of the so-called marriage penalty by providing a refundable tax credit to persons who have a reduction in their public assistance benefits due to becoming married.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2018
Increase/Decrease
(use"-") |
2019
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 |
Explanation of above estimates (including long-range effect):
Memorandum
As bill is written, there is no fiscal impact on BCF. The wording of the bill is unclear as to the source of funding. There could be a possible impact depending on the source of funding. The credit, depending upon the amount, could impact applicant's eligibility.
Person submitting Fiscal Note: Bill J. Crouch
Email Address: bill.j.crouch@wv.gov