Supplement: WV HB4771 | 2024 | Regular Session | Motor Vehicles, WV Division of
For additional supplements on West Virginia HB4771 please see the Bill Drafting List
Bill Title: Repealing section of code authorizing additional registration fees for alternative fuel vehicles
Status: 2024-01-16 - To House Finance [HB4771 Detail]
Download: West_Virginia-2024-HB4771-Motor_Vehicles_WV_Division_of.html
The bill repeals law relating to additional registration fees for alternative fuel vehicles. The Division would incur costs of $6,900 to reprogram the cash register system of $6,900. The bill removes the additional registration fee for alternative fuel vehicles as follows: Fuel Type Amount Hydrogen or natural gas $200 Combination of electricity and petrochemical (hybrid) $100 Electricity $200 The Division currently has the Following alternative fuel vehicle registrations. There are 157 Hydrogen/Natural gas powered vehicles collecting additional registration fees of $18,800 (94 vehicles X $200 fee), 22,174 hybrid vehicles collecting additional registration fees of $2,217,400 (22,174 vehicles X $100 fee), and 2,351 electric vehicles collecting additional registration fees of $470,200 (2,351 vehicles X $200 fee). Based upon current registrations the Division can expect a total reduction in revenue from the elimination of the additional registration fee of $2,706,400 ($18,800 + $2,217,400 + $470,200). The DMV fees collected above are deposited into the State Road Fund. Our first obligation is to meet our debt service payments and then our fixed costs. Any decrease to our revenue would impact the amount of remaining dollars available which can be used for, matching funds for federally eligible road construction projects, repair and maintenance of existing roads, purchase of equipment, etc.
FY 2025 CURRENT EXPENSES $ 6,900 Cash Register Programming $ 6,900 Total Current Expense REVENUES $ 18,800 Natural gas $ 2,217,400 Hybrid $ 470,200 Electric $ 2,706,400 Total Reduction of Revenue UPON FULL IMPLEMENTATION REVENUES $ 18,800 Natural gas $ 2,217,400 Hybrid $ 470,200 Electric $ 2,706,400 Total Reduction of Revenue
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.
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov
Bill Title: Repealing section of code authorizing additional registration fees for alternative fuel vehicles
Status: 2024-01-16 - To House Finance [HB4771 Detail]
Download: West_Virginia-2024-HB4771-Motor_Vehicles_WV_Division_of.html
FISCAL NOTE
Date Requested: January 16, 2024 Time Requested: 02:02 PM |
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FUND(S):
Road FundSources of Revenue:
Special FundLegislation creates:
Decreases Existing Revenue, Increases Existing ExpensesFiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The bill repeals law relating to additional registration fees for alternative fuel vehicles. The Division would incur costs of $6,900 to reprogram the cash register system of $6,900. The bill removes the additional registration fee for alternative fuel vehicles as follows: Fuel Type Amount Hydrogen or natural gas $200 Combination of electricity and petrochemical (hybrid) $100 Electricity $200 The Division currently has the Following alternative fuel vehicle registrations. There are 157 Hydrogen/Natural gas powered vehicles collecting additional registration fees of $18,800 (94 vehicles X $200 fee), 22,174 hybrid vehicles collecting additional registration fees of $2,217,400 (22,174 vehicles X $100 fee), and 2,351 electric vehicles collecting additional registration fees of $470,200 (2,351 vehicles X $200 fee). Based upon current registrations the Division can expect a total reduction in revenue from the elimination of the additional registration fee of $2,706,400 ($18,800 + $2,217,400 + $470,200). The DMV fees collected above are deposited into the State Road Fund. Our first obligation is to meet our debt service payments and then our fixed costs. Any decrease to our revenue would impact the amount of remaining dollars available which can be used for, matching funds for federally eligible road construction projects, repair and maintenance of existing roads, purchase of equipment, etc.
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 | 6,900 | 0 |
Personal Services | 0 | 0 | 0 |
Current Expenses | 0 | 6,900 | 0 |
Repairs and Alterations | 0 | 0 | 0 |
Assets | 0 | 0 | 0 |
Other | 0 | 0 | 0 |
2. Estimated Total Revenues | 0 | -2,706,400 | -2,706,400 |
Explanation of above estimates (including long-range effect):
FY 2025 CURRENT EXPENSES $ 6,900 Cash Register Programming $ 6,900 Total Current Expense REVENUES $ 18,800 Natural gas $ 2,217,400 Hybrid $ 470,200 Electric $ 2,706,400 Total Reduction of Revenue UPON FULL IMPLEMENTATION REVENUES $ 18,800 Natural gas $ 2,217,400 Hybrid $ 470,200 Electric $ 2,706,400 Total Reduction of Revenue
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.
Person submitting Fiscal Note: Raeann Kriner
Email Address: raeann.k.kriner@wv.gov