Fiscal Note
HB0299 - Motor Vehicle Code Revisions
State Impact:
Enactment of this bill would save the Tax Commission approximately $470,000 per year in fee revenue. The License Plate Production dedicated credits revenue used by the Tax Commission for license plate production costs will decrease by $500,000 and the Department of Public Safety will experience an increase in restricted revenue of $500,000.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| Dedicated Credits | $0 | ($470,000) | ($470,000) | $0 | ($500,000) | ($500,000) |
| Restricted Funds | $0 | $500,000 | $500,000 | $0 | $500,000 | $500,000 |
| Total | $0 | $30,000 | $30,000 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.
| 2/29/2008, 3:35:14 PM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |