LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 24, 2001 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John Keel, Director, Legislative Budget Board IN RE: SB180 by Fraser (Relating to disposition by counties of motor vehicle registration fees and sales tax revenue.), As Engrossed ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * SB180, As Engrossed: negative impact of $(2,296,000) through the * * biennium ending August 31, 2003. * ************************************************************************** General Revenue-Related Funds, Five-Year Impact: **************************************************** * Fiscal Year Probable Net Positive/(Negative) * * Impact to General Revenue Related * * Funds * * 2002 $(1,104,000) * * 2003 (1,192,000) * * 2004 (1,258,000) * * 2005 (1,334,000) * * 2006 (1,416,000) * **************************************************** All Funds, Five-Year Impact: ************************************************************************** *Fiscal Probable Revenue Probable Revenue Probable Revenue * * Year Gain/(Loss) to Gain/(Loss) to State Gain/(Loss) to * * General Revenue Fund Highway Fund Counties' Road and * * 0001 0006 Bridge Funds * * 2002 $(1,104,000) $552,000 $552,000 * * 2003 (1,192,000) 596,000 596,000 * * 2004 (1,258,000) 629,000 629,000 * * 2005 (1,334,000) 667,000 667,000 * * 2006 (1,416,000) 708,000 708,000 * ************************************************************************** Fiscal Analysis The bill would amend Chapter 152 of the Tax Code and Chapter 502 of the Transportation Code to change the formula used to determine the amount of registration fees and motor vehicle sales and use tax collections that would be retained by a county tax assessor-collector as the county's reimbursement for processing motor vehicle transactions. County tax assessor-collectors, in certain circumstances, would be given the authority to estimate any deficiencies under the formula. The bill would take effect January 1, 2002. Methodology Reimbursements for Texas counties were computed under the current formula and the proposed formula using fiscal and calendar 2000 data. Approximately 61 Texas counties, each with a population of less than 15,000, would receive additional revenues in the form of additional motor vehicle sales taxes retained. The net effect would be to increase revenues to the State Highway Fund 0006 and decrease revenues to the General Revenue Fund 0001. All county increases would go to a dedicated road and bridge fund. The fiscal impact for 2002 was adjusted for the January 2002 effective date. Local Government Impact Local units of government would have a corresponding fiscal impact, as indicated in the table above. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, SD, WP, SM