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.
The purpose of this bill is to exempt the tax on sales of motor vehicles using natural gas or dual purpose motor vehicles using a combination of gasoline and natural gas as fuel.
Based on the current registration process there is no fiscal impact associated with this bill. However, there would be a future loss equal to five percent (5%) of the value of the affected vehicles.
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 |
0 |
0 |
Explanation of above estimates (including long-range effect):
This bill has no fiscal impact upon the West Virginia Division of Motor Vehicles at this time.
Memorandum
Person submitting Fiscal Note: Jerry L. Conrad, Director
Email Address: Jerry.L.Conrad@wv.gov