COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 0226-01
Bill No.: SB 178
Subject: Jackson County: Property Taxes, Installments
Type: Original
Date: March 28, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | (Minimal) | (Minimal) | (Minimal) |
ASSUMPTION
Officials not responding: Jackson County Collector of Revenue, and the Jackson County Executive.
Officials of the Kansas City Manager's Office assume this proposal would not reduce tax revenues, but receipt of some tax revenue would be delayed. Officials assume this would hinder the City's budgeting process.
Officials of the School District of Kansas City stated that any slowdown in revenue collections during this current time when everyone is experiencing budget shortfalls will cause serious negative impact on the District's cash flow.
Oversight assumes that;
1) The Jackson County Collector of Revenue would have administrative impact of establishing and maintaining an installment collection system. Oversight assumes impact would be minimal and is dependent upon the number of individuals that would be eligible and would use this system.
ASSUMPTION (continued)
2) Installment collections would be collected for the year ending rather than the year beginning as is done by loan institutions and payments being held in escrow for that year.
3) Collections would be delayed, however, income would not be reduced.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| JACKSON COUNTY | |||
| Administrative Impact- Collector | (Minimal) | (Minimal) | (Minimal) |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act requires the Jackson County Collector to permit taxpayers with hardships to pay their
real property taxes in equal monthly or quarterly installments. To qualify, a taxpayer, or in the
case of joint ownership, taxpayers, must own the property and use it as their principal residence.
A hardship is defined as either having a Missouri adjusted gross income of less than $15,000 for
an individual or $20,000 for a couple, or being unemployed currently or at any time in the three
months prior to applying for the installment payment method. Interest for delinquent taxes will
only apply if the taxpayer(s) is more than 30 days late paying any monthly or quarterly
installment.
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
City of Kansas City
School District of Kansas City
NOT RESPONDING:
Jackson County Collector of Revenue
Jackson County Executive
Mickey Wilson, CPA
Director
March 28, 2003