COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION



FISCAL NOTE



L.R. No.: 4115-02

Bill No.: Truly Agreed to and Finally Passed SCS for SB 997

Subject: County Collectors: Delinquent Property Taxes, Financial Institutions

Type: Original

Date: May 14, 2002




FISCAL SUMMARY



ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 2003 FY 2004 FY 2005
Total Estimated

Net Effect on All

State Funds

$0 $0 $0



ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 2003 FY 2004 FY 2005
Total Estimated

Net Effect on All

Federal Funds

$0 $0 $0



ESTIMATED NET EFFECT ON LOCAL FUNDS
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.











FISCAL ANALYSIS







ASSUMPTION



Officials of the Missouri State Tax Commission stated there would be no fiscal impact to their commission.



In response to a similar version the following entities submitted the following statements:



The Lincoln County Collector, Greene County Collector stated this proposal would have no fiscal impact to their offices.



The Holt County Collector stated this proposal would have some administrative impact from labor and associated expense of collection.



Political Subdivisions not responding to Oversights fiscal note request are the County Collectors of: Callaway, Adair, Cass, Pettis, Franklin, St. Louis, and Jackson Counties.



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



The act requires the county collector to apply payments for real property taxes against any delinquent property taxes before applying such payment to taxes due in the current year for taxes owed by taxpayers other than financial institutions who pay tax obligations which they service from escrow accounts.





DESCRIPTION (continued)



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



Missouri State Tax Commission

Greene County Collector

Holt County Collector

Lincoln County Collector



NOT RESPONDING



The County Collectors of : Callaway, Adair, Cass, Pettis, Franklin, St. Louis, and Jackson Counties





























Mickey Wilson, CPA

Acting Director



May 14, 2002