COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 2524-02
Bill No.: Perfected SCS for SB 758
Subject: Cities: Sleeping Room Tax
Type: Original
Date: February 10, 2004
FISCAL SUMMARY
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials of the Department of Economic Development- Division of Tourism assume no fiscal impact to their department.
The Cities of Sullivan, Fenton, Pacific, Union, St. Clair and De Soto did not respond.
Oversight assumes this proposal is permissive. Before any local fiscal impact would be realized the voters would have to approve the imposition of a sleeping room tax that would have to be at least 2% but not greater than 5% on sleeping rooms per night. Oversight assumes that in those cities that would impose the tax there would be income generated from the tax and there would be costs for the promoting of tourism. Oversight assumes the City would realize some insignificant administrative impact in the collection and accounting for the revenues generated by the tax.
| FISCAL IMPACT - State Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| CERTAIN CITIES | |||
| Income - to Certain Cities | |||
| from a 2% to 5% sleeping room tax | Unknown | Unknown | Unknown |
| Costs - to Certain Cities | |||
| from promoting tourism | (Unknown) | (Unknown) | (Unknown) |
| ESTIMATED NET EFFECT TO CERTAIN CITIES * | $0 | $0 | $0 |
* Oversight assumes costs would not be greater than income in a given year resulting in either a positive fund balance, or a zero fund balance. For purposes of this fiscal note, fiscal impact is shown as $0.
FISCAL IMPACT - Small Business
Small businesses in the hotel, motel, bed and breakfast, campgrounds, or certain docking facilities business, that are located in any of the cities that would receive voter approval to impose a sleeping room tax, would realize some additional administrative impact from collecting and accounting for the sleeping room tax.
DESCRIPTION
This act authorizes the governing bodies of the cities of Pacific, Riverside, Sullivan, and Union
to submit a transient guest tax proposal to a vote of the people of such cities. The tax proposal
would be for at least two percent but not more than five percent.
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 Economic Development- Tourism
NOT RESPONDING
The Cities of : De Soto, Fenton, Pacific, Union, St. Clair, and Sullivan
Mickey Wilson, CPA
Director
February 10, 2004