COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION

FISCAL NOTE

L.R. No.:         4075-01

Bill No.:          Truly Agreed To and Finally Passed HB 1628

Subject:           Motor Fuel: Motor Vehicles; Revenue Department

Type:              Original

Date:               May 27, 2008

Bill Summary:           Exempts historical vehicles from the alternative fuel decal requirement of §142.869

FISCAL SUMMARY

Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 4 pages.

☐ 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).

FISCAL ANALYSIS

ASSUMPTION

Officials from the Office of Secretary of State (SOS) assume many bills considered by the General Assembly include provisions allowing or requiring agencies to submit rules and regulations to implement the act. The SOS is provided with core funding to handle a certain amount of normal activity resulting from each year’s legislative session. The fiscal impact to the SOS office for Administrative Rules for this proposal is less than $2,500. The SOS recognizes this is a small amount and does not expect additional funding would be required to meet these costs. However, SOS also recognizes that many such bills may be passed in a given year and that collectively the costs may be in excess of what the SOS can sustain with their core budget. Any additional required funding would be handled through the budget process.

Officials from the Department of Transportation (MoDOT) deferred to the Department of Revenue for any cost estimates of this proposed legislation. There is no direct fiscal impact to MoDOT.

According to officials from the Department of Revenue (DOR), this proposal will have minimal impact on their agency. DOR would need to notify all owners of historic motor vehicles that are registered as such and that operate on alternative fuels, that, due to this proposal, they would no longer be subject to the alternative fuel decal requirement. The cost would be absorbed.

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 Transportation

Department of Revenue

Office of Secretary of State

            Administrative Rules Division

                                                                                                Mickey Wilson, CPA

                                                                                                Director

                                                                                                May 27, 2008