COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3978-01
Bill No.: SB 966
Subject: Motor Vehicles; Licenses-Motor Vehicles; Revenue Dept.
Type: Original
Date: January 28, 2002
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 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Department of Revenue (DOR), Division of Motor Vehicle and Drivers Licensing assume based on information received from the St. Louis College of Pharmacy, there are approximately 6,000 members (this includes alumni) in the state of Missouri. It is assumed that 5% of this membership will apply for this new plate type.
The number of anticipated applications is minimal. Therefore, the provisions of this proposal can be implemented with existing resources.
Due to the projected minimal number of applications for St. Louis Pharmacy license plates, there will be no measurable revenue increase to the Highway Fund, Cities and County Aid Road Trust Fund (CART).
Officials from the Department of Highway and Transportation were not able to provide an estimate for this proposal. Therefore they must rely upon the DOR's response.
| 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 |
| $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 act allows for a special license plate bearing the St. Louis College of Pharmacy emblem. To obtain the plate, a person must get a use authorization statement (for a $25 contribution) from the St. Louis College of Pharmacy and present the statement along with any other documents which may be required and payment of a $15 fee in addition to the regular registration fees to the Department of Revenue. The fee for personalized license plates will not be required.
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
Division of Motor Vehicle and Drivers Licensing
Department of Highway and Transportation
Mickey Wilson, CPA
Acting Director
January 28, 2002