FISCAL NOTE

Date Requested: January 18, 2019
Time Requested: 01:41 PM
Agency: Tax & Revenue Department, WV State
CBD Number: Version: Bill Number: Resolution Number:
1540 Introduced HB2523
CBD Subject: Taxation


FUND(S):

General Revenue Fund, local governments

Sources of Revenue:

General Fund local property tax revenue

Legislation creates:

Decreases Existing Revenue



Fiscal Note Summary


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


    The stated purpose of this bill is to increase the amount of time a taxpayer has to seek relief from a county commission for an erroneous assessment.
    
    The State Tax Department cannot quantify the impact of this proposal, but the Department does not expect the impact on revenues to be significant.
    
    Administrative costs to local governments and the State Tax Department should be minimal.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2019
Increase/Decrease
(use"-")
2020
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):


    The State Tax Department cannot quantify the impact of this proposal, but the Department does not expect the impact on revenues to be significant.
    
    Administrative costs to local governments and the State Tax Department should be minimal.
    
    



Memorandum


    



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