COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 3932-01
BILL NO.: SB 831
SUBJECT: Replacement of Stolen License Plates
TYPE: Original
DATE: February 3, 2000
FISCAL SUMMARY
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| Highway Fund | ($52,373) | ($63,567) | ($64,839) |
| Total Estimated
Net Effect on All State Funds |
($52,373) | ($63,567) | ($64,839) |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| Local Government | ($14,696) | ($17,991) | ($18,350) |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
ASSUMPTION
The Department of Revenue (DOR) assumes the Motor Vehicle Bureau (MVB) will incur expenses of $446 for postage and forms to notify field offices of new procedures for replacing stolen license plates at no fee.
The MVB reports there were approximately 8,862 license plates stolen in FY 1998. The MVB assumes there will be a two percent increase in the number of replaced stolen plates annually. Currently the fee to replace stolen plates is $8.50. Accordingly, the DOR estimates the loss of revenue from eliminating the replacement fee to be $66,623 in FY 2001, $81,558 in FY 2002, and $83,189 in FY 2003. This amount would be split between the Highway Fund, Cities, and the County Aid Road Trust Fund.
The Department of Transportation concurs with the Department of Revenue's response.
FISCAL IMPACT - State Government FY 2001 FY 2002 FY 2003
(10 Mo.)
HIGHWAY FUND
Cost - DOR
Forms - printing and postage ($446) $0 $0
Loss - DOR
Elimination of replacement fee ($51,927) ($63,567) ($64,839)
Estimated Net Effect on
HIGHWAY FUND ($52,373) ($63,567) ($64,839)
FISCAL IMPACT - Local Government FY 2001 FY 2002 FY 2003
(10 Mo.)
Loss - Elimination of replacement fee
Cities ($8,818) ($10,795) ($11,010)
County Aid Road Trust Fund ($5,878) ($7,196) ($7,340)
($14,696) ($17,991) ($18,350)
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act allows any person replacing stolen license plates to receive at no cost up to two license plates per year when the replacement request is accompanied by a police report.
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 Transportation
Jeanne Jarrett, CPA
Director
February 3, 2000