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 0149 - Allows any person replacing stolen license plates to receive at no cost up to two license plates per year
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 0168-01
BILL NO.: Perfected SB 149
SUBJECT: Replacement of Stolen License Plates
TYPE: Original
DATE: February 16, 1999
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Highway Fund | ($59,185) | ($59,963) | ($61,169) |
| Total Estimated
Net Effect on All State Funds |
($59,185) | ($59,963) | ($61,169) |
|
ESTIMATED NET EFFECT ON FEDERAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON LOCAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Local Government | ($19,594) | ($19,988) | ($20,389) |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
The Department of Revenue (DOR) assumes the Motor Vehicle Bureau (MVB) will incur expenses of approximately $400 for postage and forms to notify field offices of new procedures for replacing stolen license plates at no fee.
The MVB reports there were approximately 8,862 license plates stolen in FY 1998. The MVB assumes there will be a two percent increase in the number of replaced stolen plates annually. Currently the fee to replace stolen plates is $8.50. Accordingly, the DOR estimates the loss of revenue from eliminating the replacement fee to be $78,379 in FY 2000, $79,951 in FY 2001, and $81,558 in FY 2002. This amount would be split between the Highway Fund (75%), Cities (15%), and the County Aid Road Trust Fund (10%).
The Department of Transportation concurs with the Department of Revenue's response.
| FISCAL IMPACT - State Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| HIGHWAY FUND | |||
| Cost - DOR | |||
| Forms - printing and postage | ($400) | $0 | $0 |
| Loss - DOR | |||
| Elimination of replacement fee | ($58,785) | ($59,963) | ($61,169) |
| Estimated Net Effect on | |||
| HIGHWAY FUND | ($59,185) | ($59,963) | ($61,169) |
| FISCAL IMPACT - Local Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| Loss - Elimination of replacement fee | |||
| Cities | ($11,757) | ($11,993) | ($12,234) |
| County Aid Road Trust Fund | ($7,837) | ($7,995) | ($8,155) |
| ($19,594) | ($19,988) | ($20,389) | |
| FISCAL IMPACT - Small Business | |||
| No direct fiscal impact to small businesses would be expected as a result of this proposal. | |||
DESCRIPTION
This act allows any person replacing stolen license plates to receive at no cost up to two license plates per year when the replacement request is accompanied by a police report.
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
Department of Revenue
Department of Transportation
Jeanne Jarrett, CPA
Director
February 16, 1999