COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0744-02
Bill No.: SB 356
Subject: Counties: Convention and Sports Authority, Transient Guest Tax
Type: Original
Date: February 12, 2007
Bill Summary: Modifies provisions of the transient guest tax for the St. Charles County Convention and Sports Facilities Authority.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUND |
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FUND AFFECTED |
FY 2008 |
FY 2009 |
FY 2010 |
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Total Estimated Net Effect on General Revenue Fund |
$0 |
$0 |
$0 |
ESTIMATED NET EFFECT ON OTHER STATE FUNDS |
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FUND AFFECTED |
FY 2008 |
FY 2009 |
FY 2010 |
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Total Estimated Net Effect on Other State Funds |
$0 |
$0 |
$0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 4 pages.
ESTIMATED NET EFFECT ON FEDERAL FUNDS |
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FUND AFFECTED |
FY 2008 |
FY 2009 |
FY 2010 |
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Total Estimated Net Effect on All Federal Funds |
$0 |
$0 |
$0 |
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE) |
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FUND AFFECTED |
FY 2008 |
FY 2009 |
FY 2010 |
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Total Estimated Net Effect on FTE |
0 |
0 |
0 |
☐ Estimated Total Net Effect on All funds expected to exceed $100,000 savings or (cost).
☐ Estimated Net Effect on General Revenue Fund expected to exceed $100,000 (cost).
ESTIMATED NET EFFECT ON LOCAL FUNDS |
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FUND AFFECTED |
FY 2008 |
FY 2009 |
FY 2010 |
Local Government |
Less than $100,000 |
Less than $100,000 |
Less than $100,000 |
FISCAL ANALYSIS
ASSUMPTION
Officials of the St. Charles County Convention and Sports Authority stated that this proposal would increase revenue collections to the Authority by an estimated $10,000 annually.
Oversight assumes no state fiscal impact.
FISCAL IMPACT - State Government |
FY 2008 (10 Mo.) |
FY 2009 |
FY 2010 |
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$0 |
$0 |
$0 |
FISCAL IMPACT - Local Government |
FY 2008 (10 Mo.) |
FY 2009 |
FY 2010 |
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ST. CHARLES COUNTY CONVENTION AND SPORTS AUTHORITY |
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Income - To Sports Authority Increase in guest tax collection. |
Less than $100,000 |
Less than $100,000 |
Less than $100,000 |
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ESTIMATED NET EFFECT TO LOCAL GOVERNMENT |
Less than $100,000 |
Less than $100,000 |
Less than $100,000 |
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FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
Currently, the St. Charles County Convention and Sports Facilities Authority has the authority to impose a tax on the charges for all sleeping rooms paid by transient guests within the county. This act provides a formula to calculate the amount of charges for sleeping rooms paid by transient guests to determine the room tax.
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
St. Charles County Convention and Sports Authority
NOT RESPONDING
City of St. Charles
St. Charles County Executive
Mickey Wilson, CPA
Director
February 12, 2007