Provisions of this bill will increase the number of vehicles that will qualify to register as "vintage vehicles." It is estimated that this legislation could initially cause a revenue increase to the State Transportation Fund of $9,100 from registration fees. However, this is a one-time fee, so the State Transportation Fund could potentially experience a reduction of revenue of approximately $8,400 by the third year with increasing losses to approximately $26,000 each succeeding year. Some local entities could also experience a decline in revenue, estimated to be $4,000 the first year, escallating to $10,700 by the third year. The amount of actual revenue increases or decreases to State and local governments will depend on the number of vehicles switched to "vintage vehicle" registration.

Office of the Legislative Fiscal Analyst

1/28/99 11:19:45 AM

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