FISCAL NOTE
FUND(S):
Road Fund
Sources of Revenue:
Other 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 change the Bronze Star recipient registration plate from an annual registration renewal to a ten-year registration renewal.
There is an initial $10 fee along with the $30 annual registration with this plate. As of October 2012, there were 770 Bronze Star license plates registered.
Eliminating the annual registration for this plate would result in a revenue loss of $23,100 annually.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2014 Increase/Decrease (use"-") |
2015 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 |
-23,100 |
-23,100 |
-23,100 |
Explanation of above estimates (including long-range effect):
Revenue Loss:
Annual Bronze Star Registration Renewals 770
Annual Renewal per Registration $30
Total Revenue Loss: 770 Renewals x $30 Annual Renewal Fee = $23,100
Memorandum
Person submitting Fiscal Note: Jerry L. Conrad
Email Address: Jerry.L.Conrad@wv.gov