TO: | Honorable Joe Driver, Chair, House Committee on Law Enforcement |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB2619 by Ellis (Relating to the amount of the application and license fee for a license to carry a concealed handgun.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2004 | ($725,562) |
2005 | ($725,562) |
2006 | ($725,562) |
2007 | ($725,562) |
2008 | ($725,562) |
Fiscal Year | Probable Revenue Gain/(Loss) fromCONCEALD HANDGUN LIC ACCT 991 |
---|---|
2004 | ($725,562) |
2005 | ($725,562) |
2006 | ($725,562) |
2007 | ($725,562) |
2008 | ($725,562) |
The Department of Public Safety receives approximately 27,960 original applications each year. Of those, approximately 27%, or 7,549, are from seniors or indigent people who pay half the application fee. Based on the reduction of $30 in the original standard license fee [$140 (current fee) less the $110 (proposed fee) = $30], the estimated loss in revenue equals $612,324 per year ($30 multiplied by 20,411 applicants). For seniors and indigent people, the $15 reduction in license fee [$70 (current fee) less the $55 (proposed fee) = $15] results in an estimated loss of revenue of $113,238 per year($15 multiplied by 7,549 applicants). The total estimated annual loss in revenue equals $725,562.
Source Agencies: | 405 Department of Public Safety
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LBB Staff: | JK, WK, VDS, AR
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