Supplement: WV SB288 | 2024 | Regular Session | Transportation, WV Department of
For additional supplements on West Virginia SB288 please see the Bill Drafting List
Bill Title: Allocating proceeds of sales tax from sale of parts, tires, repair and maintenance services for motor vehicles to State Road Fund
Status: 2024-01-11 - To Transportation and Infrastructure [SB288 Detail]
Download: West_Virginia-2024-SB288-Transportation_WV_Department_of.html
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government. This bill would not create additional expense for the Division of Highways. It would increase revenue collections deposited into the State Road Fund.
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years. The revenue numbers were provided to the Division of Highways by the Tax Department. The additional revenue could be utilized to purchase equipment, provide matching funds for the IIJA Program and potential for additional maintenance or projects to our highways and bridges.
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form. The Division of Highways must defer to the Tax Department as to how this program would be administered.
Person submitting Fiscal Note: Jonathan W Schaffer
Email Address: Jonathan.w.schaffer@wv.gov
Bill Title: Allocating proceeds of sales tax from sale of parts, tires, repair and maintenance services for motor vehicles to State Road Fund
Status: 2024-01-11 - To Transportation and Infrastructure [SB288 Detail]
Download: West_Virginia-2024-SB288-Transportation_WV_Department_of.html
FISCAL NOTE
| Date Requested: January 30, 2024 Time Requested: 10:12 AM |
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FUND(S):
State Road FundSources of Revenue:
Special FundLegislation creates:
Creates New RevenueFiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government. This bill would not create additional expense for the Division of Highways. It would increase revenue collections deposited into the State Road Fund.
Fiscal Note Detail
| Effect of Proposal | Fiscal Year | ||
|---|---|---|---|
| 2024 Increase/Decrease (use"-") |
2025 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 | 92,300,000 | 92,300,000 |
Explanation of above estimates (including long-range effect):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years. The revenue numbers were provided to the Division of Highways by the Tax Department. The additional revenue could be utilized to purchase equipment, provide matching funds for the IIJA Program and potential for additional maintenance or projects to our highways and bridges.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form. The Division of Highways must defer to the Tax Department as to how this program would be administered.
Person submitting Fiscal Note: Jonathan W Schaffer
Email Address: Jonathan.w.schaffer@wv.gov
