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 0507 - Classifies llamas as livestock
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 2168-01
BILL NO.: SB 507
SUBJECT: Agriculture - Llamas
TYPE: Original
DATE: March 17, 1999
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| General Revenue | ($92,391) | ($110,869) | ($110,869) |
| School District Trust | ($30,797) | ($36,956) | ($36,956) |
| Conservation | ($3,850) | ($4,620) | ($4,620) |
| Parks and Soils | ($3,080) | ($3,696) | ($3,696) |
| Total Estimated
Net Effect on All State Funds |
($130,118) | ($156,141) | ($156,141) |
|
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 | ($46,195) | ($55,435) | ($55,435) |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
The Department of Revenue (DOR) assumes they would not be fiscally impacted by this proposal. The DOR assumed changing the definition of llamas in the livestock marketing statutes may let them be treated as livestock for sales tax purposes. The DOR was unable to determine the potential fiscal impact of this proposal.
The Department of Agriculture (AGR) assumes they would not be fiscally impacted by this proposal.
Oversight assumes this proposal would allow llamas to be treated as livestock for sales tax purposes. According to the AGR, there are approximately 4,500 llamas in Missouri; and llamas eat approximately 15 pounds of food per day. Oversight assumes the average cost for a pound of llama feed is $.125. For purposes of proving a fiscal estimate for this proposal, Oversight used $.15 per pound of feed to account for other items that would be exempt from state and local sales tax such as feed additives, bedding and medications. Accordingly, Oversight estimated there would be sales of $3,695,625 per year that would be exempt from state and local sales tax under 144.030 2 (22) RSMo. Oversight assumes this would result in a total loss of state sales tax revenue in the amount of $156,141. There would also be a loss of sales tax revenue to local governments in the amount of $55,435 per year.
| FISCAL IMPACT - State Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| GENERAL REVENUE FUND | |||
| Loss - Sales tax exemption | ($92,391) | ($110,869) | ($110,869) |
| SCHOOL DISTRICT TRUST FUND | |||
| Loss - Sales tax exemption | ($30,797) | ($36,956) | ($36,956) |
| CONSERVATION SALES TAX FUND | |||
| Loss - Sales tax exemption | ($3,850) | ($4,620) | ($4,620) |
| PARKS & SOILS TAX FUND | |||
| Loss - Sales tax exemption | ($3,080) | ($3,696) | ($3,696) |
| FISCAL IMPACT - Local Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| Loss - Sales tax exemption | |||
| Cities | ($27,717) | ($33,261) | ($33,261) |
| County Aid Road Trust Fund | (18,478) | (22,174) | (22,174) |
| ($46,195) | ($55,435) | ($55,435) | |
| FISCAL IMPACT - Small Business | |||
| No direct fiscal impact to small businesses would be expected as a result of this proposal. | |||
DESCRIPTION
This bill adds llamas to the definition of livestock rather than exotic animals.
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 Agriculture
Jeanne Jarrett, CPA
Director
March 17, 1999