Date Requested: February 02, 2015
Time Requested: 02:27 PM
Agency: Tax Department, State
CBD Number: Version: Bill Number: Resolution Number:
2465 Introduced SB388
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 stated purpose of this bill is to exempt homeowners’ association dues, fees, and assessments from consumers sales and service tax under certain circumstances.
    
    This bill proposes to exempt homeowners’ association dues from the Consumers Sales and Service Tax. As a result, there would be minimal revenue loss to the General Revenue Fund from the passage of this bill.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill.
    



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):


    This bill proposes to exempt homeowners’ association dues from the Consumers Sales and Service Tax. As a result, there would be minimal revenue loss to the General Revenue Fund from the passage of this bill.
    
    There would be no additional administrative costs to the State Tax Department from the passage of this bill.
    



Memorandum


    



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