LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
March 27, 1997
TO: Honorable Clyde Alexander, Chair IN RE: House Bill No. 1306
Committee on Transportation By: Reyna, Elvira
House
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on HB1306 ( Relating
to the payment of certain motor vehicle registration fees for
a period longer than 12 months.) this office has detemined the
following:
Biennial Net Impact to General Revenue Funds by HB1306-As Introduced
Implementing the provisions of the bill would result in a net
impact of $0 to General Revenue Related Funds through the biennium
ending August 31, 1999.
Fiscal Analysis
The bill would allow the owner of a passenger car or light truck
that has not been previously registered in Texas or another
state and is of a current or preceding model year to initially
apply for a 12 , 24, or 36 month registration period.
Methodolgy
The Department of Transportation (TxDot) issues approximately
4.0 million titles per year. Of those the department estimates
that 918,000 would qualify for multi-year registration. The
department estimates that approximately 6,500 vehicles would
be included in the 2 year registration and 51,500 for the 3
year registration. The average fee for a light truck or passenger
car is $60 per year with a state/county split of $40/20.
The
department estimates a cost of approximately $152,700 in fiscal
year 1997 and $12,150 in fiscal year 1998 for additional windshield
stickers and programming changes to the registration and titling
system.
TxDot estimates a savings of $127,815 in fiscal year
1999 and $113,491 in fiscal year 2000 for renewal notice processing
and reimbursement to counties for the receipt commission due
to one registration receipt being issued for multi-years.
All
estimated program costs and savings impact the State Highway
Fund 006.
The probable fiscal implications of implementing the provisions
of the bill during each of the first five years following passage
is estimated as follows:
Five Year Impact:
Fiscal Year Probable Revenue
Gain/(Loss) from
State Highway Fund
0006
1998 $4,380,000
1998 2,060,000
2000 0
2001 0
2002 0
Net Impact on General Revenue Related Funds:
The probable fiscal implication to General Revenue related funds
during each of the first five years is estimated as follows:
Fiscal Year Probable Net Postive/(Negative)
General Revenue Related Funds
Funds
1998 $0
1999 0
2000 0
2001 0
2002 0
Similar annual fiscal implications would continue as long as
the provisions of the bill are in effect.
No significant fiscal implication to units of local government
is anticipated.
Source: Agencies: 601 Department of Transportation
LBB Staff: JK ,PE ,ML