COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3160-01
Bill No.: SB 737
Subject: Licenses - Motor Vehicle; Motor Vehicles; Revenue Department
Type: Original
Date: December 19, 2001
FISCAL SUMMARY
FUND AFFECTED | FY 2003 | FY 2004 | FY 2005 |
Highway Funds | $7,035 | $8,438 | $8,438 |
Total Estimated
Net Effect on All State Funds |
$7,035 | $8,438 | $8,438 |
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 |
Cities | $1,407 | $1,687 | $1,687 |
Counties | $938 | $1,125 | $1,125 |
Local Government | $2,345 | $2,812 | $2,812 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Department of Revenue (DOR) assume, based on information received from the Missouri 4-H Foundation, there are approximately 15,000 families in Missouri who would be eligible for the 4-H license plate. It is assumed that 5% of this membership will apply for the new plate type. The Motor Vehicle Bureau will require 1 Clerk Typist II for 60 hours of overtime to process these new types of plates. The MVB will also incur costs for policies, procedures and postage in amount of $2,244 and $2,820 for plates and tabs.
Oversight assumes these special license plates will replace standard license plates on vehicles owned by eligible persons and that any additional costs to DOR will be minimal and can be absorbed from existing resources. Oversight assumes DOR can absorb the cost of policy and procedure revisions, and postage from existing resources.
REVENUE IMPACT
FY03
15,000 x 5% = 750 x $15 = $11,250/12 x 10 = $9,380 x 75% = $7,035 Highway
x 15% = $1,407 Cities
x 10% = $ 938 Counties
FY04 & FY05
$11,250 x 75% = $8,438 Highway
x 15% = $1,687 Cities
x 10% = $1,125 Counties
Officials from the Department of Transportation concur with Department of Revenue's response to this legislation.
FISCAL IMPACT - State Government | FY 2003
(10 Mo.) |
FY 2004 | FY 2005 |
HIGHWAY FUNDS | |||
Income - Department of Revenue | |||
Special license plate fees | $7,035 | $8,438 | $8,438 |
ESTIMATED NET EFFECT ON | |||
HIGHWAY FUNDS | $7,035 | $8,438 | $8,438 |
FISCAL IMPACT - Local Government | FY 2003
(10 Mo.) |
FY 2004 | FY 2005 |
Cities | |||
Special license plate fees | $1,407 | $1,687 | $1,687 |
Counties | |||
Special license plate fees | $938 | $1,125 | $1,125 |
ESTIMATED NET EFFECT ON | |||
LOCAL GOVERNMENT | $2,345 | $2,812 | $2,812 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act would allow members or parents of 4-H members to obtain a special license plate that would bear the emblem of 4-H and the words "Missouri 4-H" in place of "Show-Me State". The fee for the plate would be $15.
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
December 19, 2001