COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 0355-02
Bill No.: HB 60
Subject: County Collectors: Tax Refunds
Type: Original
Date: January 22, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials of the State Tax Commission assume this proposal would have no fiscal impact on the Commission; however, officials assume the Collector's office in political subdivisions would have fiscal impact. Officials assume that by extending the time period for a taxpayer to file for a refund of taxes paid to the political subdivision from one year to three years could increase the number of refunds filed and the amount of revenue refunded.
Officials of the Franklin County Collector's Office stated there were to many variables to reach a fiscal impact.
Officials of the Platte County Collector's Office stated that when an error has been made the Collector would withhold monies from all taxing districts. Since all districts are involved, there should be minimal fiscal impact to the county.
Officials of the Cass County Collector's Office assume no fiscal impact.
Taney County Collector issued a statement, but made no fiscal impact statement.
ASSUMPTION continued
Oversight assumes there could be some administrative impact related to this proposal; however, impact would be insignificant. Oversight assumes no state or local fiscal impact.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $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 bill extends the time period for refund or credit of an overpayment of property taxes that have been erroneously or mistakenly levied upon a taxpayer from one to three years.
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
Taney County Collector
Franklin County Collector
Platte County Collector
Cass County Collector
NOT RESPONDING
Callaway County Collector
Boone County Collector
Warren County Collector
Jefferson County Collector
Marion County Collector
Mickey Wilson, CPA
Director
January 22, 2003