COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 4312-01
Bill No.: SB 1093
Subject: Licenses-Motor Vehicles; Motor Vehicles; Revenue Dept.
Type: Original
Date: February 15, 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 Transportation assume this proposal would have no significant fiscal impact on their organization.
Officials from the Department of Revenue (DOR) assume this proposal would have minimal fiscal impact.
DOR Statistics for FY01 indicate there are 93 year of manufacture license plates that this legislation would effect. Since the $15 personalized plate fee would be eliminated, there will be a decrease in revenues as follows:
FY03
93 x $15 = $1,395/12 x 10 = $1,163 x 75% = ($872) Highway
x 15% = ($174) Cities
x 10% = ($116) Counties
FY04 and FY05
$1,395 x 75% = ($1,046) Highway
$1,395 x 15% = ($209) Cities
$1,395 x 10% = ($139) Counties
Oversight assumes the fiscal impact of this proposal would be minimal and could be absorbed from existing resources.
| 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 proposal would revise the process for the registration of historic motor vehicle plates. Owners of vehicles with plates consistent with the year of manufacture would be allowed to register and keep those plates.
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 Transportation
Department of Revenue
Mickey Wilson, CPA
Acting Director
February 15, 2002