COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 2960-01
Bill No.: SB 638
Subject: Counties; County Government; Property, Real & Personal; Taxation & Revenue-Property
Type: Original
Date: December 5, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
| Local Government | $0 * | $0 * | $0 * |
* offsetting payments from political subdivisions to county assessment funds.
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the State Tax Commission assume the proposal would divert additional local funds to the assessment fund. Based upon the language in the proposal an additional $11 million would be diverted from local political subdivisions to the assessment fund.
| FISCAL IMPACT - State Government | FY 2003
(10 Mo.) |
FY 2004 | FY 2005 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2003
(10 Mo.) |
FY 2004 | FY 2005 |
| Political subdivisions | ($11,000,000) | ($11,000,000) | ($11,000,000) |
| County assessment funds | $11,000,000 | $11,000,000 | $11,000,000 |
| Total | $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 provide increased local property taxes to be deposited into county assessment funds and require the additional funds to be expended solely for computer hardware and software including installation and maintenance agreements, salaries and benefits or contracted services for data entry personnel and data conversion, aerial photography, digitized mapping projects including maintenance or installation and maintenance of a geographic information system program, and any new technological development that may occur.
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
State Tax Commission
Jeanne Jarrett, CPA
Director
December 5, 2001