FISCAL NOTE
FUND(S):
Road Fund
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Revenue Loss
Estimated Number of Vehicles 8,038
Registration Fee $ 30.00
Total Loss of Revenue $ 241,140
Breakdown of Revenue
Registration (Road Fund) $ 28.50
Litter Control (Road Fund) $ 1.00
Insurance (Special Revenue) $ .50
Total Class A Registration Fee $ 30.00
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2009 Increase/Decrease (use"-") |
2010 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 |
-241,140 |
-241,140 |
0 |
Explanation of above estimates (including long-range effect):
The purpose of this bill is to exempt non-profit organizations from paying an annual motor vehicle registration fee for vehicles used exclusively to carry out its goals and purposes.
According to the West Virginia Secretary of State’s Office there were 8,038 non-profit organizations registered in 2008.
The Division of Motor Vehicles has no idea the number of vehicles that are registered by each of the different organizations.
Assuming that each non-profit organization has one vehicle registered and that vehicle pays a registration fee of $30.00 per year, the total loss of revenue would be $241,140.
The revenue loss would be $229,083 in registration fees, $8,038 in litter control fees, and $4,019 in compulsory insurance fees.
No additional cost is associated with this bill.
Memorandum
Person submitting Fiscal Note: Rick Johnston
Email Address: Rick.M.Johnston@wv.gov