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 0498 - Revises laws relating to the issuance of special license plates
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 2098-02
BILL NO.: Perfected SCS for SB 498
SUBJECT: Children's Trust Fund License Plates
TYPE: Original
DATE: March 25, 1999
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Highway Fund | ($5,434) | ($5,434) | ($5,434) |
| Total Estimated
Net Effect on All State Funds |
($5,434) | ($5,434) | ($5,434) |
|
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 | ($1,811) | ($1,811) | ($1,811) |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
The Department of Transportation (DOT) concurs with the Department of Revenue's response to this proposal.
The Office of Administration (COA) assumes this proposal permits individuals who want the trust find license plate will have the option of obtaining authorization by paying the logo fee to the trust fund or the Department of Revenue at the time of registration. Proposed legislation also removes the Department of Revenue's fee of $15.00 for a trust fund plate.
This legislation could ease the workload of the trust fund staff. The COA assumes this proposal will not have a fiscal impact on the Children's Trust Fund.
To a similar proposal, the Department of Revenue (DOR) assumed the requirements of this proposal would result in a minimal fiscal impact. Currently, a person applying for a Children's Trust Fund license plate can do this at any branch or fee office. The application is forwarded to Central Office. Plates are then manufactured and returned to the branch or fee office to be picked up by the applicant. The collection of the $25 emblem fee by the DOR could be done with existing resources. However, the DOR assumes that the removal of the $15 fee and the convenience of paying the $25 emblem fee to the DOR at the time of license application could result in an increase in the number of applications. If this occurs, the DOR would make a supplemental request for this purpose.
Currently, the DOR has issued 483 Children's Trust Fund license plates. The removal of the $15 fee would decrease the amount of revenue going to the Highway Fund, Cities and County Aid Road Trust Fund. The DOR assumes that the elimination of the $15 fee and the convenience of paying the $25 emblem fee at the time of application could increase the number of applications for the license plates; thus, increasing the loss indicated.
| FISCAL IMPACT - State Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| HIGHWAY FUND | |||
| Loss - Elimination of fee for specialty plate | ($5,434) | ($5,434) | ($5,434) |
| FISCAL IMPACT - Local Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| Income - Elimination of fee | |||
| Cities | ($1,086) | ($1,086) | ($1,086) |
| County Aid Road Trust Fund | ($725) | ($725) | ($725) |
| ($1,811) | ($1,811) | ($1,811) | |
| FISCAL IMPACT - Small Business | |||
| No direct fiscal impact to small businesses would be expected as a result of this proposal. | |||
DESCRIPTION
This act modifies the law regarding the Children's Trust Fund. Under this act, certain amounts received pursuant to sections 193.265, 210.174, 301.463, and 451.152, RSMo shall be deposited in the Children's Trust Fund. Under current law, only amounts received pursuant to section 210.174 are deposited to the Children's Trust Fund. This bill also allows the Director of Revenue to receive the $25 fee for the issuance of a "Children's Trust Fund" license plate. The Director shall deposit the fee in Children's Trust Fund. A person applying for a "Children's Trust Fund" license plate will not have to pay the additional personalized license plate of $15.
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
Office of Administration
Jeanne Jarrett, CPA
Director
March 25, 1999