FISCAL NOTE
FUND(S):
General Revenue Fund
Sources of Revenue:
General Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to amend and reenact §11-10-18 of the Code of West Virginia, 1931, as amended, relating to the Tax Procedure and Administration Act, adding the word “not” to impose a penalty of five percent of the amount of the tax, if the failure to file a tax return is for not more than one month. This restores original language inadvertently omitted in a prior enactment.
As indicated in the stated purpose and according to our interpretation, this bill merely restores language that was inadvertently omitted. Since the proposed change is merely a technical correction, there would be no change in revenue attributable to passage of this bill.
There would be no additional administrative costs to the State Tax Department associated with passage of this bill.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2010 Increase/Decrease (use"-") |
2011 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, this bill merely restores language that was inadvertently omitted. Since the proposed change is merely a technical correction, there would be no change in revenue attributable to passage of this bill.
There would be no additional administrative costs to the State Tax Department associated with passage of this bill.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov