Honorable Geanie W. Morrison, Chair, House Committee on Transportation
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2461 by Pickett (Relating to vehicle registration.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Transportation Code §502.0023 to change the $10 annual extended commercial fleet vehicle registration fee to a one-time fee. The bill would direct the one-time $10 fee and the one-time fleet vehicle license plate manufacturing fee to be deposited to the Texas Department of Motor Vehicles Fund (currently deposited to the State Highway Fund). The bill would amend Transportation Code §502.057 to specify that a receipt for a vehicle registration renewal generated by an online registration system is proof of registration until 31 days after the date of renewal. The bill would amend Transportation Code §502.060(b) and §504.007(g) stipulating that no fee is required for the replacement of registration insignia or replacement of license plates if the county tax assessor-collector determines the owner paid for a prior replacement registration insignia or plates but did not receive them in the mail. The bill would take effect on September 1, 2017.
The bill would require fees currently deposited to the State Highway Fund (SHF) from extended commercial fleet vehicle registrations to be deposited to the Texas Department of Motor Vehicles (TxDMV) Fund. Based on LBB's analysis of information provided by TxDMV, it is assumed these changes in the disposition of fees would not result in a significant impact to the SHF and TxDMV Fund revenue or cash flow and any costs associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
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. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 608 Department of Motor Vehicles