COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3912-01
Bill No.: HB 1660
Subject: Economic Development; Economic Development Department
Type: Original
Date: February 8, 2008
Bill Summary: This proposal establishes the Missouri Voluntary Developer Agreement Law.
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUND |
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FUND AFFECTED |
FY 2009 |
FY 2010 |
FY 2011 |
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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 2009 |
FY 2010 |
FY 2011 |
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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 2009 |
FY 2010 |
FY 2011 |
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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 2009 |
FY 2010 |
FY 2011 |
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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 2009 |
FY 2010 |
FY 2011 |
Local Government |
$0 |
$0 |
$0 |
FISCAL ANALYSIS
ASSUMPTION
Officials from the Department of Economic Development, Department of Revenue, State Tax Commission, Department of Elementary and Secondary Education each assume the proposal would not fiscally impact their respective agencies.
Officials from the cities of Boonville, California, Cape Girardeau, Gladstone, Independence and Kearney as well as the counties of Boone, Callaway, Cass, Clay, Jasper and Lincoln did not respond to our request for fiscal impact.
Oversight assumes the proposal is permissive in nature and allows local political subdivisions to create a Missouri Job Creation Commission. The commission shall not transact any business or exercise its powers unless the governing body of such municipality or county shall approve, by ordinance or order, the exercise of the powers, functions or duties. Therefore, Oversight will not show a fiscal impact to the local political subdivisions from this proposal.
FISCAL IMPACT - State Government |
FY 2009 (10 Mo.) |
FY 2010 |
FY 2011 |
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$0 |
$0 |
$0 |
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FISCAL IMPACT - Local Government |
FY 2009 (10 Mo.) |
FY 2010 |
FY 2011 |
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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
State Tax Commission
Department of Elementary and Secondary Education
NOT RESPONDING:
Boonville
California
Cape Girardeau
Gladstone
Independence
Kearney
Boone County
Callaway County
Cass County
Clay County
Jasper County
Lincoln County
Mickey Wilson, CPA
Director
February 8, 2008