Date Requested: February 25, 2015
Time Requested: 12:14 PM
Agency: State Tax & Revenue Department
CBD Number: Version: Bill Number: Resolution Number:
3314 Introduced HB2877
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 raise to $25,000 the tax liability threshold at which taxpayers must file and pay electronically.
    
    Raising the threshold will not affect revenue. We would anticipate that most businesses who are already filing electronically will elect to continue such practice.
    
    Additional administrative costs to the Tax Department will be $60,000 a 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 60,000 60,000
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):


    Raising the threshold will not affect revenue. We would anticipate that most businesses who are already filing electronically will elect to continue such practice.
    
    Additional administrative costs to the Tax Department will be $60,000 a year.
    



Memorandum


    



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