FISCAL NOTE
Date Requested: February 18, 2025
Time Requested: 04:49 PM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1402 |
Introduced |
HB2581 |
|
|---|
| CBD Subject: |
Military and Veterans; Motor Vehicles |
|---|
|
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 eliminate the $10 application fee for special license plates issued to honorably discharged members of the military.
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 hrs. X $125/hr.)
The Division estimates that there are approximately 1,900 applications for military plates for honorably discharged per year. This would lead to a $19,000(1,900 X $10) 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 |
-19,000 |
-19,000 |
Explanation of above estimates (including long-range effect):
FY 2026
CURRENT EXPENSE
$9,000 Cash Register Programming
$9,000 Total Current Expense
TOTAL REVENUE
1,900 Estimated New Military Plates per year
$10 Application Fee
$19,000 Total Revenue Reduction
UPON FULL IMPLEMENTATION
TOTAL REVENUE
1,900 Estimated New Military Plates per year
$10 Application Fee
$19,000 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