FISCAL NOTE
Date Requested: February 12, 2025 Time Requested: 07:15 PM |
Agency: |
Motor Vehicles, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1333 |
Introduced |
HB2039 |
|
CBD Subject: |
|
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FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to permit volunteer firefighters with five or more years of service to be eligible for free vehicle registrations and license plates on their personal vehicle.
The Division estimates it will take 72 hours of programming on the cash register system at a rate of $125 per hour. Total current expense of $9,000 (72 hours X $125/hr)
The Division estimates that there are approximately 6.000 volunteer firefighters that would qualify for the exemption. Assuming 100% participation, this would lead to a $300,00 (6,000 X $50) reduction of revenue.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2025 Increase/Decrease (use"-") |
2026 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
9,000 |
0 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
9,000 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
0 |
0 |
2. Estimated Total Revenues |
0 |
-300,000 |
-300,000 |
Explanation of above estimates (including long-range effect):
FY 2026
$9,000 Cash Register Programming
$9,000 Total Current Expense
6,000 Estimated Qualifying Individuals
$50 Registration Fee
$300,000 Total Revenue Reduction
UPON FULL IMPLEMENTATION
6,000 Estimated Qualifying Individuals
$50 Registration Fee
$300,000 Total Revenue Reduction
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov