COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 1564-01
Bill No.: Perfected SB 590
Subject: Senior Citizens: Sales Tax
Type: Original
Date: April 1, 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 3 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 | $0 | $0 | $0 |
ASSUMPTION
Officials of the Department of Revenue assume no fiscal impact.
Officials of the Department of Health- Senior Services assume there would be no fiscal impact to their department, or programs.
Oversight assume this proposal would increase the maximum levy that could be levied for providing Senior Services from the existing 5 cents to 10 cents per $100 of assessed value. Oversight assumes that counties or certain cities governing bodies would need to seek voter approval to increase the local tax levy from the existing 5 cents to 10 cents per $100 of assessed valuation. Oversight assumes this proposal does not require governing bodies to seek an increase in the Senior Citizen Services Tax, therefore, Oversight assumes no fiscal impact to local governments. Voter approval would be required before fiscal impact would be realized.
City of St. Louis and St. Louis County officials did not respond.
| 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 |
| $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 act enables the governing body of any county or the city of St. Louis to submit a ballot to
the voters to increase the existing tax for the Senior Citizens' Services Fund from five cents to ten
cents per one hundred dollars assessed valuation.
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 Health and Senior Services
Mickey Wilson, CPA
Director
April 1, 2003