LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session March 16, 2001 TO: Honorable Bob Turner, Chair, House Committee on Public Safety FROM: John Keel, Director, Legislative Budget Board IN RE: HB1479 by Miller (Relating to the expiration of a license to carry a concealed handgun.), As Introduced ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * HB1479, As Introduced: positive impact of $0 through the biennium * * ending August 31, 2003. * * * * 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 * * 2002 $0 * * 2003 0 * * 2004 0 * * 2005 0 * * 2006 (2,172,310) * **************************************************** All Funds, Five-Year Impact: ***************************************************** * Fiscal Year Probable Revenue Gain/(Loss) from * * Concealed Handgun License Account * * 0991 * * 2002 $0 * * 2003 0 * * 2004 0 * * 2005 0 * * 2006 (2,172,310) * ***************************************************** Fiscal Analysis The bill would change the expiration date for new or renewed concealed handgun licenses from four years to five years. Methodology The Department of Public Safety (DPS) estimates there would be a revenue loss of $2,172,310 for FY2006 because all licenses issued under this bill in FY2002 would not expire until FY2007, rather than FY2006. This projection is based on 29,541 applications renewing at $70.00 each ($2,067,870), as well as 2,984 indigent application renewals at $35.00 each ($104,440), for a total revenue loss of $2,172,310. These estimates are based on the current license renewal rate of 60 percent. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 405 Texas Department of Public Safety LBB Staff: JK, JC, JN, DG