Date Requested: January 19, 2015
Time Requested: 09:41 AM
Agency: State Tax & Revenue Department
CBD Number: Version: Bill Number: Resolution Number:
1545 Introduced SB127
CBD Subject: Tax


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 purpose of this bill is to include on the state personal income tax return a checkoff option to donate some or all of any tax refund to the Cedar Lakes Foundation Checkoff Program for the operation of the Cedar Lakes Foundation.
    
    According to our interpretation, passage of this bill would result in the creation of a voluntary check-off line on Personal Income Tax returns for taxpayers who wish to contribute to the “Cedar Lakes Foundation Checkoff Program.” The new check-off may result in the voluntary contribution of a modest sum of funds to provide a source of revenue for the operation of the Cedar Lake Foundation. Passage of this bill would have no effect on General Revenue Fund collections.
    
    Additional administrative costs to the State Tax Department would be minimal.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2015
Increase/Decrease
(use"-")
2016
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):


    Passage of this bill would result in the creation of a voluntary check-off line on Personal Income Tax returns for taxpayers who wish to contribute to the “Cedar Lakes Foundation Checkoff Program.” The new check-off may result in the voluntary contribution of a modest sum of funds to provide a source of revenue for the operation of the Cedar Lake Foundation. Passage of this bill would have no effect on General Revenue Fund collections.
    
    Additional administrative costs to the State Tax Department would be minimal.
    
    



Memorandum


    



    Person submitting Fiscal Note: Mark Muchow
    Email Address: kerri.r.petry@wv.gov