TO: | Honorable John Whitmire, Chair, Senate Committee on Criminal Justice |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1038 by Isett (Relating to certain reduced fees for a license to carry a concealed handgun.), Committee Report 2nd House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2006 | ($335,000) |
2007 | ($365,000) |
2008 | ($296,000) |
2009 | ($253,000) |
2010 | ($255,000) |
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
---|---|
2006 | ($335,000) |
2007 | ($365,000) |
2008 | ($296,000) |
2009 | ($253,000) |
2010 | ($255,000) |
The provisions of the bill would authorize a 50 percent reduction in any fees required for the issuance of a renewed concealed handgun license. Under current law, the fee for the renewal of a concealed handgun license is $70. Thus, this fee would be reduced to $35 ($70 X 50 percent).
The Comptroller of Public Accounts (CPA) obtained the number of expected renewals by individuals aged 60 or older from DPS and adjusted the data to account for the estimated increase in the renewal rate triggered by the fee reduction. CPA estimated the loss in revenue at $335,000 in fiscal year 2006, $365,000 in fiscal year 2007, $296,000 in fiscal year 2008, $253,000 in fiscal year 2009, and $255,000 in fiscal year 2010.
Source Agencies: | 304 Comptroller of Public Accounts, 405 Department of Public Safety
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LBB Staff: | JOB, KJG, VDS, SJ, LM
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