FISCAL NOTE
FUND(S):
2012 Supreme Court of Appeals Public Campaign Financiny Fund
Sources of Revenue:
Other Fund see above
Legislation creates:
A New Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The state purpose of this bill is to create a pilot system for public funding of 2012 election campaigns for candidates for the State Supreme Court who agree to and do abide by restrictions on campaign contributions from private sources and limits on campaign spending.
According to our interpretation, passage of this bill would result in the creation of a voluntary check-off line on personal income tax returns for taxpayers who wish to contribute to the “2012 Supreme Court of Appeals Public Campaign Financing Fund ”. The new check-off may result in the voluntary contribution of a modest amount of funds for this fund.
Passage of this bill would result in no additional administrative costs to the State Tax Department.
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 |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
According to our interpretation, passage of this bill would result in the creation of a voluntary check-off line on personal income tax returns for taxpayers who wish to contribute to the “2012 Supreme Court of Appeals Public Campaign Financing Fund ”. The new check-off may result in the voluntary contribution of a modest amount of funds for this fund.
Passage of this bill would result in no additional administrative costs to the State Tax Department.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kpetry@tax.state.wv.us