FISCAL NOTE
Date Requested: March 04, 2025
Time Requested: 03:00 PM |
| Agency: |
Transportation, WV Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1924 |
Introduced |
SB60 |
|
|---|
| CBD Subject: |
Taxation |
|---|
|
FUND(S):
Special
Sources of Revenue:
Special Fund
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill creates a tax credit for certain road and infrastructure projects associated with coal production and processing. Fiscal impact on the DOH is limited to minimal internal costs as more thoroughly described below.
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 |
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):
The DOH would be responsible for review of the taxpayer's project application. The DOH cannot estimate how many applications might be submitted on an annual basis, but does forecast that each application would require approximately $2,500-3,000 of internal review time assuming that the taxpayer does not supplement or amend its original application. Supplements and amendments, if any, could be limited or significant in scope and are thus difficult to forecast.
Memorandum
Difficulty in assessing fiscal impact is due to uncertainty regarding the number of annual taxpayer applications that may be submitted.
Person submitting Fiscal Note: Chris Alder
Email Address: chris.r.alder@wv.gov