COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0087-01
Bill No.: SB 176
Subject: Counties: Taxation and Revenue - Property
Type: Original
Date: January 15, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Local Government | (Unknown) | (Unknown) | (Unknown) |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials of the State Tax Commission indicated that the proposal would not affect their agency, administratively.
Officials of Worth County indicated that the increase in bookkeeping work alone would be cost-prohibitive for their county.
Oversight assumes that the proposal adds duties for county collectors but cannot estimate the fiscal impact for all of those collectors.
| FISCAL IMPACT - State Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2002
(10 Mo.) |
FY 2003 | FY 2004 |
| POLITICAL SUBDIVISIONS | |||
| Costs - County Collectors to start and administer installment property tax payments | (Unknown) | (Unknown) | (Unknown) |
| ESTIMATED NET EFFECT ON POLITICAL SUBDIVISIONS | (Unknown) | (Unknown) | (Unknown) |
FISCAL IMPACT - Small Business
small businesses which pay property taxes could be affected by this proposal.
DESCRIPTION
This proposal would require county governments, except for township counties, to provide an option for installment payments of current and delinquent taxes. (Current law allows those counties to provide for installment payment of current real and personal property taxes.)
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
State Tax Commission
Worth County
Jeanne Jarrett, CPA
Director
January 15, 2001