FISCAL NOTE
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 make technical changes concerning High-Tech research zones, parks and technology centers and tax incentives relating thereto.
According to our interpretation, and as stated in the purpose of the bill, this bill proposes corrections for the existing High-Tech research zones, parks and technology center tax incentive program. Thus, there will be little, if any, impact on State Revenue associated with passage of this bill.
Additional administrative costs to the State Tax Department associated with this bill will be minimal.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2005
Increase/Decrease
(use"-") |
2006
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 will result in technical corrections in the existing High-Tech research zones, parks and technology center tax incentive program.
There will be little, if any, impact on State Revenue associated with passage of this bill.
Additional administrative costs to the State Tax Department associated with this bill will be minimal.
Memorandum
Person submitting Fiscal Note: Mark Muchow
Email Address: kpetry@tax.state.wv.us