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
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 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