HB 5323
Relating to indexing of license and stamp fees
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows the Director of Natural Resources to adjust license and stamp fees, as outlined in existing West Virginia code, based on changes to the Consumer Price Index (CPI). Specifically, any increases in these fees, as determined by rule, will be calculated to reflect the CPI, rounded down to the nearest dollar. The bill aims to ensure that fees keep pace with inflation. This legislation continues the existing authority to index these fees.
Key provisions
- Authorizes the Director of Natural Resources to propose rule changes.
- Allows for increases in license and stamp fees.
- Specifies that fee increases should be indexed to the Consumer Price Index (All Items).
- Requires CPI increases to be rounded down to the nearest dollar.
- Establishes a date of January 1, 2021, after which no fee increases based on CPI can be implemented.
Who is affected
- License holders
- Stamp fee payers
- West Virginia residents
- Wildlife Resources Division
- State government
Notable changes
- Establishes a formal process for adjusting fees based on inflation.
- Links fee increases directly to the Consumer Price Index.
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