Date Requested: February 05, 2015
Time Requested: 01:05 PM
Agency: Tax Department, State
CBD Number: Version: Bill Number: Resolution Number:
2861 Introduced SB417
CBD Subject: Tax


FUND(S):

State Road Fund

Sources of Revenue:

Other Fund State Road 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 remove certain discounts from the motor fuel excise tax.
    
    By removing the specified discount for distributors, the State Road Fund will gain an additional $1.8 million in funds.
    
    Administrative costs to the Tax Department will be $30,000 in FY 2016.



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 30,000 3,000
Personal Services 0 30,000 30,000
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 1,800,000 1,800,000


Explanation of above estimates (including long-range effect):


    By removing the specified discount for distributors, the State Road Fund will gain an additional $1.8 million in funds.
    
    Administrative costs to the Tax Department will be $30,000 in FY2016.
    
    



Memorandum


    



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