FISCAL NOTE

Date Requested: January 25, 2024
Time Requested: 04:42 PM
Agency: Tax & Revenue Department, WV State
CBD Number: Version: Bill Number: Resolution Number:
2599 Introduced HB5102
CBD Subject: Counties


FUND(S):

Special Account

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 stated purpose of this bill is to reduce the amount paid to the Tax Commissioner for the annual licensure fees to volunteer fire departments for charitable raffles. According to our interpretation, this bill would reduce the licensure fee paid by volunteer fire departments for charitable raffles from $500 to $250. Passage of this bill would result in a reduction of $10,000 per year to the special revenue account funding the investigatory activities of the Criminal Investigation Division and the Special Audits Division of the Tax Department paid by volunteer fire departments. Additional administrative costs incurred by the State Tax Department would be $15,000 in FY2024.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2024
Increase/Decrease
(use"-")
2025
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 15,000 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 15,000 0 0
2. Estimated Total Revenues 0 -10,000 -10,000


Explanation of above estimates (including long-range effect):


According to our interpretation, this bill would reduce the licensure fee paid by volunteer fire departments for charitable raffles from $500 to $250. Passage of this bill would result in a reduction of $10,000 per year to the special revenue account funding the investigatory activities of the Criminal Investigation Division and the Special Audits Division of the Tax Department paid by volunteer fire departments. Additional administrative costs incurred by the State Tax Department would be $15,000 in FY2024.



Memorandum






    Person submitting Fiscal Note: Mark Muchow
    Email Address: kerri.r.petry@wv.gov