Date Requested: January 30, 2015
Time Requested: 03:16 PM
Agency: State Tax & Revenue Department
CBD Number: Version: Bill Number: Resolution Number:
2349 Amendment HB2498
CBD Subject: Tax


FUND(S):

General Revenue Fund, local governments

Sources of Revenue:

General Fund,Other Fund local property tax

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 allow taxpayers to make partial payments on their real and personal property taxes.
    
    As written, this bill provides that beginning July 1, 2016, if the taxpayer wants to make a partial payment, the sheriff shall accept one or more partial payments of any amount for payment of current taxes assessed on real and personal property. According to our interpretation, passage of this bill would not change the amount of current taxes assessed and due on real and personal property and should not impact State revenue or revenue to county commissions, county school boards and municipalities.
    
    There would be no additional costs to the State Tax Department. However, it would impose significant additional administrative costs on county sheriffs to allow a taxpayer to pay small payments unlimited times during the year.



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):


    As written, this bill provides that beginning July 1, 2016, if the taxpayer wants to make a partial payment, the sheriff shall accept one or more partial payments of any amount for payment of current taxes assessed on real and personal property. According to our interpretation, passage of this bill would not change the amount of current taxes assessed and due on real and personal property and should not impact State revenue or revenue to county commissions, county school boards and municipalities.
    
    There would be no additional costs to the State Tax Department. However, it would impose significant additional administrative costs on county sheriffs to allow a taxpayer to pay small payments unlimited times during the year.
    
    
    



Memorandum


    



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