FISCAL NOTE
Date Requested: March 04, 2025
Time Requested: 08:48 AM |
| Agency: |
Motor Vehicles, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1026 |
Introduced |
HB2065 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to provide for one free Gold Star Family license plate to a Gold Star parent.
This eliminates the one-time fee of $10, the annual registration fee of $50, the $1 litter fee, and the annual $0.50 insurance fee. There are 64 Gold Star plates currently in existence. We estimate that half of the Gold Star plates 33 are issued to parents. The Division estimates that this number will remain consistent with one new plate sold each year and one plate not renewed each year. Therefore, the Division estimates that revenue will decrease by $1,710 (($10 x 1 new plate) + ($51.50 x 33)).
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 |
-1,710 |
-1,710 |
Explanation of above estimates (including long-range effect):
$10.00 One Time Fee
$1,700 Annual Fee (33 plates X $51.50)
-$1,710 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