COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 4260-01
Bill No.: SB 1290
Subject: Dent County: Transient Guest Tax
Type: Original
Date: March 8, 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 Other 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.
Officials of the Department of Revenue assume no fiscal impact.
Oversight assume this proposal is permissive and before local government would realize fiscal impact, the governing body of Dent County would have to receive voter approval. Oversight will show fiscal impact as $0.
| 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 |
| DENT COUNTY TRANSIENT GUEST TAX FUND | |||
| Income to Dent County Transient Guest Tax Tourism Fund | |||
| from Transient Guest Tax | Unknown | Unknown | Unknown |
| Cost to Dent County Transient Guest Tax Tourism Fund | (Unknown) | (Unknown) | (Unknown) |
| from promoting tourism | |||
| ESTIMATED NET EFFECT TO DENT COUNTY TRANSIENT GUEST TAX TOURISM FUND * | $0 | $0 | $0 |
* Oversight assumes annual costs would not exceed revenues resulting in either a zero or positive fund balance.
FISCAL IMPACT - Small Business
If the Dent County Commission were to receive voter approval to impose a transient guest tax, small businesses located in Dent County that are in the hotel, motel, bed and breakfast, campground, or other businesses providing sleeping space for transients would be expected to collect and administer the transient guest tax.
DESCRIPTION
This act enables the county of Dent to enact a transient guest tax. The tax will be subject to the
standard transient guest tax statute, including the requirement of voter approval.
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 - Division of Tourism
Department of Revenue
Mickey Wilson, CPA
Director
March 8, 2004