TO: | Honorable John T. Smithee, Chair, House Committee on Insurance |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB2153 by Eiland (Relating to a fee collected by the Automobile Burglary and Theft Prevention Authority.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2012 | $18,287,000 |
2013 | $18,742,000 |
2014 | $19,196,000 |
2015 | $19,650,000 |
2016 | $20,105,000 |
Fiscal Year | Probable Revenue Gain/(Loss) from General Revenue Fund 1 |
---|---|
2012 | $18,287,000 |
2013 | $18,742,000 |
2014 | $19,196,000 |
2015 | $19,650,000 |
2016 | $20,105,000 |
Under current law the Automobile Burglary and Theft Prevention Authority fee is paid by insurers at the rate of $1 per motor vehicle year of insurance. It is assumed that an increase in the fee to $2 would have no effect on the number of motor vehicle policies issued, delivered, or renewed. Estimates of
revenue generated from the increased fee are based on the Comptroller of Public Accounts 2012-13 Biennial Revenue Estimate.Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either with or outside of the Treasury, or create a dedicated revenue source. Legislative policy, implemented as Government Code, Section 403.094, consolidated special funds (except those affected by constitutional, federal, or other restrictions) into the General Revenue Fund as of August 31, 1993 and eliminated all applicable statutory revenue dedications as of August, 31, 1995. Each subsequent Legislature has reviewed bills that affect funds consolidation. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
Source Agencies: | 304 Comptroller of Public Accounts, 608 Department of Motor Vehicles
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LBB Staff: | JOB, KJG, JI, MM
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