COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 1756-01
Bill No.: Perfected SB 376
Subject: Tourism
Type: Original
Date: March 7, 2007
Bill Summary: This proposal extends the sunset date from June 30, 2010 to June 30, 2015 for the Tourism Supplemental Revenue Fund.
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 |
$0 |
$0 |
$0 |
FISCAL ANALYSIS
ASSUMPTION
Officials from the Department of Economic Development - Division of Tourism (DED) state the proposed legislation extends the sunset from June 30, 2010 to June 30, 2015. The fiscal impact would begin in Fiscal Year 2011 and would provide funding for the Missouri Division of Tourism for an additional five years. During these additional five years, the Division, through its promotional efforts would have a positive impact on Missouri's tourism economy.
Officials from the Department of Revenue and the Office of the State Treasurer each assume the proposal would not fiscally impact their respective agencies.
Oversight assumes the fiscal impact of this proposal would begin in Fiscal Year 2011, which is beyond the scope of this fiscal note. The annual appropriations from the General Revenue fund into the Tourism Supplemental Revenue Fund for fiscal years 2006 and 2007 have been $13,231,882 and $17,767,811 respectively.
FISCAL IMPACT - State Government |
FY 2008 (10 Mo.) |
FY 2009 |
FY 2010 |
|
|
|
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|
$0 |
$0 |
$0 |
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FISCAL IMPACT - Local Government |
FY 2008 (10 Mo.) |
FY 2009 |
FY 2010 |
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|
|
|
|
$0 |
$0 |
$0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
FISCAL DESCRIPTION
The proposed legislation appears to have no fiscal impact.
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 Economic Development
Department of Revenue
Office of the State Treasurer
Mickey Wilson, CPA
Director
March 7, 2007