COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 0327-01
BILL NO.: SB 141
SUBJECT: Department of Agriculture; Llamas
TYPE: # Revised
DATE: February 26, 2001
# Revised due to Oversight Subcommittee decision on February 26, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| General Revenue# | ($14,793) | ($17,751) | ($17,751) |
| School District Trust# | ($4,931) | ($5,917) | ($5,917) |
| Conservation# | ($616) | ($740) | ($740) |
| Parks and Soils# | ($493) | ($592) | ($592) |
| Total Estimated
Net Effect on All State Funds# |
($20,833) | ($25,000) | ($25,000) |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Local Government# | ($7,396) | ($8,875) | ($8,875) |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Department of Revenue and the Department of Agriculture (AGR) assume the proposed legislation would have no fiscal impact on their agencies.
#Oversight assumes this proposal would allow llamas to be treated as livestock for sales tax purposes. According to officials from the AGR, there are approximately 4,500 llamas in Missouri. Based on information from other sources (Purina Mills), llamas eat approximately nine pounds of food per day and of the nine pounds, approximately two pounds would be commercial food. The estimated retail price per pound of food is $0.20 to $0.25.
Total losses have been reduced to $25,000 in total to the affected state funds to reflect a decision by the Oversight Subcommittee on February 26, 2001.
FISCAL IMPACT - State Government FY 2002 FY 2003 FY 2004
(10 Mo.)
GENERAL REVENUE FUND
Loss - Sales tax exemption# ($14,793) ($17,751) ($17,751)
SCHOOL DISTRICT TRUST FUND
Loss - Sales tax exemption# ($4,931) ($5,917) ($5,917)
CONSERVATION SALES TAX FUND
Loss - Sales tax exemption# ($616) ($740) ($740)
PARKS & SOILS TAX FUND
Loss - Sales tax exemption# ($493) ($592) ($592)
FISCAL IMPACT - Local Government FY 2002 FY 2003 FY 2004
(10 Mo.)
Loss - Sales tax exemption#
Cities# ($4,438) ($5,325) ($5,325)
County Aid Road Trust Fund# ($2,958) ($3,550) (3,550)
($7,396) ($8,875) ($8,875)
FISCAL IMPACT - Small Business
Small businesses that produce and sell llamas could be expected to be fiscally impacted by this proposal. Their production costs could be reduced by the amount of sales tax avoided.
DESCRIPTION
This bill adds llamas to the definition of livestock rather than exotic animals. Additionally, this bill adds llamas to Section 144.010 (4) for sales tax purposes.
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 Agriculture
Department of Revenue
Jeanne Jarrett, CPA
Director
February 26, 2001