COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1303-02
Bill No.: SB 347
Subject: Taxation and Revenue - Property: Property, Real and Personal
Type: Original
Date: February 4, 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 | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials of the State Tax Commission stated the proposal would not affect any source of state funds or have any administrative effects on their agency.
They did note that the proposal would shift about $15,000,000, statewide, into technology funds from other local government funds.
| FISCAL IMPACT - State Government | FY 2002
(6 Mo.) |
FY 2003 | FY 2004 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2002
(6 Mo.) |
FY 2003 | FY 2004 |
| POLITICAL SUBDIVISION | |||
| Income - Assessment Funds | $0 | $15,000,000 | $15,000,000 |
| Loss - Other Local Government Funds | $0 | ($15,000,000) | ($15,000,000) |
| ESTIMATED NET EFFECT ON POLITICAL SUBDIVISIONS | $0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This proposal would devote a percentage of all ad valorem property tax collections for installation and maintenance of geographic information systems programs.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. The proposal would not affect Total State Revenue.
SOURCES OF INFORMATION
State Tax Commission
Jeanne Jarrett, CPA
Director
February 4, 2001