LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session March 12, 1999 TO: Honorable Tom Haywood, Chair, Senate Committee on Agriculture FROM: John Keel, Director, Legislative Budget Board IN RE: SB518 by Cain (Relating to registration of certain farm vehicles and trailers.), As Introduced ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * SB518, As Introduced: positive impact of $0 through the biennium * * ending August 31, 2001. * * * * The bill would make no appropriation but could provide the legal * * basis for an appropriation of funds to implement the provisions of * * the bill. * ************************************************************************** General Revenue-Related Funds, Five-Year Impact: **************************************************** * Fiscal Year Probable Net Positive/(Negative) * * Impact to General Revenue Related * * Funds * * 2000 $0 * * 2001 0 * * 2002 0 * * 2003 0 * * 2004 0 * **************************************************** All Funds, Five-Year Impact: *************************************************************************** *Fiscal Probable Revenue Loss from Probable Revenue Loss from * * Year State Highway Fund Counties * * 0006 * * 2000 $(8,307,649) $(4,258,858) * * 2001 (712,727) (365,373) * * 2002 (722,989) (370,635) * * 2003 (733,253) (375,898) * * 2004 (743,731) (377,807) * *************************************************************************** Fiscal Analysis The bill would allow additional people to qualify for Farm Truck, Farm Truck Tractor, and Farm Trailer license plates. Methodology The Texas Department of Transportation (TxDOT) estimated that provisions of the bill would cause a 20 percent increase in registrations for Farm Trailer, Truck, and Truck Tractor license plates the first year and that the vehicle registration population would increase at a rate of 1.43 percent each year. In addition, TxDOT estimated that the bill would cause a 20 percent decrease in the Trailer, Truck, and Combination registration fees the first year and remain constant. TxDOT estimated there would be revenue implications from a shift from truck, trailer, and combination plates to the various farm plates at a lower registration fee. Local Government Impact TxDOT estimated that revenue implications could occur in qualifying more people for various farm plates. Source Agencies: LBB Staff: JK, DE, ML