COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3807-01
Bill No.: HB 1476
Subject: County Collectors: Bad Checks
Type: Original
Date: February 4, 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 | Unknown | Unknown | Unknown |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials of the Office of Prosecution Services assumes no fiscal impact.
Officials of the Greene County Collector's Office stated that this proposal would generate approximately $15,000 annually. Officials stated that they receive about 150 bad checks annually.
Officials of the Adair County Collector's Office stated that their office receives about 10 bad checks annually, therefore, this proposal would generate about $100 annually.
The Jefferson County Commission assumes no fiscal impact.
Officials of the Marion County Collector's Office stated that they currently collect a $10 fee on returned checks, therefore, they would expect no fiscal impact.
Oversight assumes this proposal would generate revenue from a $10 returned check fee to counties. Oversight assumes any fees collected would go to the County's General Revenue Fund, however, this proposal is silent as to where the fee would go. Oversight assumes that counties already have costs of collecting bad checks, therefore, Oversight will show only income to the County's General Revenue Fund.
| 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 |
| Income to County Collectors | |||
| from $10 returned check fee | Unknown | Unknown | Unknown |
| ESTIMATED NET EFFECT TO CERTAIN COUNTY'S GENERAL REVENUE FUND* | Unknown | Unknown | Unknown |
* Oversight would expect unknown income to not exceed $100,000 annually.
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This bill allows a County Collector or Ex Officio Township Collector to assess a penalty on a check taken in payment of taxes which is returned to the collector because the account was
closed or did not have sufficient funds. The penalty, in addition to any other penalty or interest owed, will be $10 or 5% of the total amount of the check, whichever is greater. The penalty may not exceed $100.
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
Office of Prosecution Services
Greene County Collector
Adair County Collector
Jefferson County Collector
Marion County Collector
NOT RESPONDING
County Collectors of the Counties of: Callaway, Cass, Cape Girardeau, Boone, Holt, Newton, and Taney
Mickey Wilson, CPA
Acting Director
February 4, 2002