FISCAL NOTE
FUND(S):
General Revenue Fund, West Virginia Infrastructure Fund, County Funds
Sources of Revenue:
General Fund,Other Fund see above
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 provide a minimum share of coalbed methane severance tax revenue to be distributed to producing counties in an amount at least equal to the share received by nonproducing counties.
As written, this bill proposes a change in the allocation to producing and nonproducing counties of the Severance Tax attributable to coalbed methane. The changes to the bill are merely to provide a more equitable allocation of designated revenue. While there may be some minor changes in the allocation of revenue among counties, passage of the bill will not result in any change in total designated revenue.
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):
As written, this bill proposes a change in the allocation to producing and nonproducing counties of the Severance Tax attributable to coalbed methane. The changes to the bill are merely to provide a more equitable allocation of designated revenue. While there may be some minor changes in the allocation of revenue among counties, passage of the bill will not result in any change in total designated revenue.
There would be no additional administrative costs to the State Tax Department associated with passage of this bill.
Memorandum
The stated purpose of this bill is to provide a minimum share of coalbed methane severance tax revenue to be distributed to producing counties in an amount at least equal to the share received by nonproducing counties.
In proposed W. Va. Code §31-15A-16(k), the bill indicates “The moneys remitted by the Tax Division on October 1, 2010, for coalbed methane project sponsors in nonproducing coalbed methane counties for infrastructure projects that have not been distributed may not be distributed to project sponsors in those counties but instead shall be available for distribution for projects pursuant to the provisions of subdivision (2) of subsection (h) of this section.” The date reference should be October 1, 2009.
Person submitting Fiscal Note: Mark Muchow
Email Address: kerri.r.petry@wv.gov