FISCAL NOTE
Date Requested: February 27, 2025
Time Requested: 02:48 PM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2833 |
Introduced |
HB3008 |
|
|---|
| CBD Subject: |
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 repeal the section of the West Virginia code relating to additional registration fees for alternative fuel vehicles.
The bill repeals laws relating to additional registration fees for alternative fuel vehicles.
The Division would incur costs of $6,900 to reprogram the cash register system.
The bill removes the additional registration fee for alternative fuel vehicles as follow:
Fuel Type Amount
Hydrogen or natural gas $200
Combination of electricity and petrochemical (hybrid) $100
Electricity $200
The Division currently has the following alternative fuel vehicle registrations. There are 123 Hydrogen/Natural gas powered vehicles collecting additional registration fees of $24,600 (123 vehicles X $200 fee), 34,089 hybrid vehicles collecting additional registration fees of $3,408,900 (34,089 vehicles X $100 fee), and 4,748 electric vehicles collecting additional registration fees of $949,600 (4,748 vehicles X $200 fee). Based upon current registrations the Division can expect a total reduction in revenue from the elimination of the additional registration fee of $4,383,100 ($24,600 + $3,408,900 + $949,600).
The DMV fees collected above are deposited into the State Road Fund. Our first obligation is to meet our debt service payments and then our fixed costs. Any decrease to our revenue would impact the amount of remaining dollars available which can be used for, matching funds for federally eligible road construction projects, repair and maintenance of existing roads, purchase of equipment, etc.
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 |
6,900 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
6,900 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
-4,383,100 |
-4,383,100 |
Explanation of above estimates (including long-range effect):
FY 2026
$ 6,900 Cash Register Programming
$ 6,900 Total Current Expense
$ 24,600 Natural gas
$ 3,408,900 Hybrid
$ 949,600 Electric
$ 4,383,100 Total Reduction of Revenue
Upon Implementation
$ 24,600 Natural gas
$ 3,408,900 Hybrid
$ 949,600 Electric
$ 4,383,100 Total Reduction of Revenue
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