This Fiscal Note is not an official copy and should not be quoted or cited.
This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0832 - Farming corporation ownership of agricultural land in third class counties
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO. 3656-01
BILL NO. Truly Agreed To and Finally Passed SB 832
SUBJECT: Corporations: Agriculture and Animals
TYPE: Original
DATE: April 21, 1998
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS Net Effect on All State Funds
FUND AFFECTED
FY 1999
FY 2000
FY 2001 None
$0
$0
$0
Total Estimated
$0
$0
$0
|
ESTIMATED NET EFFECT ON FEDERAL FUNDS | |||
| FUND AFFECTED | FY 1999 | FY 2000 | FY 2001 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON LOCAL FUNDS | |||
| FUND AFFECTED | FY 1999 | FY 2000 | FY 2001 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
Officials from the State Tax Commission, Department of Agriculture, Secretary of State's Office and the Attorney General's Office assume this proposal would not fiscally impact their agencies.
Officials from the Department of Natural Resources (DNR) assume DNR's responsibility regarding the regulation of the concentrated animal feeding operations has not been changed. Therefore, this legislation does not result in a direct fiscal impact to the DNR.
| FISCAL IMPACT - State Government | FY 1999 | FY 2000 | FY 2001 |
| (10 Mo.) | |||
| $0 | $0 | $0 | |
| FISCAL IMPACT - Local Government | FY 1999 | FY 2000 | FY 2001 |
| (10 Mo.) | |||
| $0 | $0 | $0 | |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This proposal would allow farming corporations in third class counties that are in compliance with section 351.016 as of June 1, 1998, to engage in farming or ownership of agricultural land within certain areas of the state.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Tax Commission
Department of Agriculture
Attorney General's Office
Department of Natural Resources
Secretary of State's Office
Jeanne Jarrett, CPA
Director
April 21, 1998