TO: | Honorable Joseph Pickett, Chair, House Committee on Transportation |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB3433 by Menendez (Relating to the extended registration of a fleet of motor vehicles.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | $0 |
2011 | $0 |
2012 | $0 |
2013 | $0 |
2014 | $0 |
Fiscal Year | Probable Revenue Gain/(Loss) from State Highway Fund 6 |
Probable Revenue Gain/(Loss) from Counties |
---|---|---|
2010 | $89,070,000 | $40,895,000 |
2011 | $107,278,125 | $46,698,438 |
2012 | $620,625 | ($3,616,875) |
2013 | ($886,875) | ($4,632,188) |
2014 | ($2,394,375) | ($5,647,500) |
The bill would amend the Transportation Code to allow the registered owner of a fleet of vehicles consisting of at least 50 commercial or passenger motor vehicles used for business purposes to apply to the Texas Department of Transportation (TxDOT) for license plates, permanent decals, and registration cards. The bill would require an annual fleet management fee of $10 per fleet vehicle, a one-time license plate manufacturing fee of $1.50, and the advance payment of all registration license taxes and fees for a period of no less than three years and no greater than 10 years. Under the provisions of the bill, no annual validation window sticker would be required for the vehicles during the period of years for which fees have been paid in advance.
The bill would take effect January 1, 2010.
TxDOT estimates there are approximately 400,000 fleet vehicles in
Based on the analysis of TxDOT, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within existing resources.
Source Agencies: | 304 Comptroller of Public Accounts, 601 Department of Transportation
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LBB Staff: | JOB, KJG, MW, TG
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