FISCAL NOTE

Date Requested: March 02, 2018
Time Requested: 08:38 AM
Agency: Tax & Revenue Department, WV State
CBD Number: Version: Bill Number: Resolution Number:
2405 Comm. Sub. SB461
CBD Subject: Taxation


FUND(S):

State Road Fund

Sources of Revenue:

Other Fund State Road Fund

Legislation creates:

Increases Existing Expenses



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    The stated purpose of this bill is to extend the time period to file a petition for motor fuel excise tax refunds.
    
    This bill would expand the timeline for filing refund claims and require the State Tax Commissioner to allocate the aggregate $4.3 million refundable exemption according to the order in which the refund claims are received beginning in 2019. There would be no impact on revenue.
    
    Additional administrative costs would be minimal in FY2019 and $10,000 in FY2020. The forms and methodology would have to be changed in FY2020 when the refund allocation changes from proportionate to first in.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2018
Increase/Decrease
(use"-")
2019
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 1,000 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 would expand the timeline for filing refund claims and require the State Tax Commissioner to allocate the aggregate $4.3 million refundable exemption according to the order in which the refund claims are received beginning in 2019. There would be no impact on revenue.
    
    Additional administrative costs would be minimal in FY2019 and $10,000 in FY2020. The forms and methodology would have to be changed in FY2020 when the refund allocation changes from proportionate to first in.
     
    



Memorandum


    



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