FISCAL NOTE
FUND(S):
3301
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.
This bill partially replaces a revenue stream from a tax on Synthetic Fuels which expired in 2007 that was used for operation of WVDEP Mining Division. The bill provides an estimated $1.6 million per year in new revenue for operation of WVDEP's Mining Division. The WVDEP anticipates submission of additional legislation in the future to further address the Mining Division's funding needs in light of the expiration of the Synthetic Fuel tax. The Synthetic Fuel tax provided approximately $4 million per year.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2011
Increase/Decrease
(use"-") |
2012
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 |
1,600,000 |
1,600,000 |
Explanation of above estimates (including long-range effect):
Type Current Proposed Change Number Revenue (projected)
SMA/Amendments $1,000 $3,000 2,000 92 $276,000
Transfers 0 $1,500 1,500 45 $67,500
Renewals $2,000 $2,500 500 200 $500,000
Operator
Assignment 0 $1,000 1,000 60 $60,000
Prospect
(< 250 tons) 0 $1,500 1,500 170 $255,000
Significant
Revisions
(includes IBR’s)0 $500 500 90 $45,000
Revisions
(includes IBR’s)0 $500 500 720 $360,000
Inactive Status 0 $500 500 80 $40,000
Total Projected $1,603,500
Memorandum
Person submitting Fiscal Note: Thomas L. Clarke
Email Address: Thomas.L.Clarke@wv.gov