COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 4830-01
Bill No.: SJR 49
Subject: Constitutional Amendments: Taxation and Revenue - Sales and Use
Type: Original
Date: April 8, 2004
FISCAL SUMMARY
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| General Revenue | ($36,840) | $0 | $0 |
| Total Estimated
Net Effect on General Revenue Fund |
($36,840) | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on All Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 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 Revenue stated that the proposal's possible impact would not occur until outside of the period covered by the fiscal note. They noted that mailing costs to inform 200,000 accounts of a change in the state sales tax rate would be about $55,000.
Officials of the Department of Natural Resources stated that the proposal would have no direct fiscal impact in the period covered by the fiscal note. They noted that if the article IV, section 47(c) tax were to be defeated, they would only have about seven months to wind down programs supported by the taxes.
Secretary of State officials stated that advertisement costs for the proposal would be $3,684 per newspaper column inch for three printings of the text of the proposal, the introduction, title, fiscal note summary, and affidavit. The proposal would be on the ballot for the November 2004 general election.
| FISCAL IMPACT - State Government | FY 2005 | FY 2006 | FY 2007 |
| Cost to General Revenue Fund
Secretary of State Newspaper Advertisements |
($36,840) |
$0 |
$0 |
| FISCAL IMPACT - Local Government | FY 2005 | FY 2006 | FY 2007 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
Small businesses which sell or buy goods subject to sales tax might be affected by this proposal.
DESCRIPTION
This proposal would put the continuation of the sales tax which proceeds support state parks and soil and water conservation programs to a statewide vote at the 2008 general election and, if the tax is retained, to a statewide vote every ten years thereafter.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. This proposal would not affect Total State Revenue.
SOURCES OF INFORMATION
Department of Natural Resources
Department of Revenue
Secretary of State
Mickey Wilson, CPA
Director
April 8, 2004