Missouri 2024 2024 Regular Session

Missouri House Bill HB2756 Introduced / Fiscal Note

Filed 03/14/2024

                    COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.:5786H.02C Bill No.:HCS for HB 2756  Subject:Boards, Commissions, Committees, and Councils; Contracts and Contractors; 
Energy; Property, Real and Personal; Taxation and Revenue - Property; Utilities; 
Department of Commerce and Insurance; Political Subdivisions 
Type:Original  Date:March 14, 2024Bill Summary:This proposal modifies provisions of the "Property Assessment Clean 
Energy Act". 
FISCAL SUMMARY
ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net 
Effect on General 
Revenue $0$0$0
ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net 
Effect on Other State 
Funds $0$0$0
Numbers within parentheses: () indicate costs or losses. L.R. No. 5786H.02C 
Bill No. HCS for HB 2756  
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ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net 
Effect on All Federal 
Funds $0$0$0
ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2025FY 2026FY 2027Total Estimated Net 
Effect on FTE 000
☐ Estimated Net Effect (expenditures or reduced revenues) expected to exceed $250,000 in any  
     of the three fiscal years after implementation of the act or at full implementation of the act.
☐ Estimated Net Effect (savings or increased revenues) expected to exceed $250,000 in any of
     the three fiscal years after implementation of the act or at full implementation of the act.
ESTIMATED NET EFFECT ON LOCAL FUNDSFUND AFFECTEDFY 2025FY 2026FY 2027Local Government$0 to (Unknown)$0 to (Unknown)$0 to (Unknown) L.R. No. 5786H.02C 
Bill No. HCS for HB 2756  
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FISCAL ANALYSIS
ASSUMPTION
Oversight assumes the House Committee Substitute for House Bill 2756 adds section 67.2810 
that allows one or more municipalities to form clean energy development boards.  This section 
states a clean energy development board shall be a political subdivision of the state and modifies 
the powers of such boards.  Oversight assumes municipalities will have the option to choose to 
develop a board or not; therefore, Oversight will reflect a $0 to Unknown cost to local political 
subdivisions.
Officials from the Department of Commerce and Insurance, the Department of Revenue, the 
Office of Administration - Budget and Planning and Kansas City each assume the proposal 
will have no fiscal impact on their respective organizations. 
Oversight does not have any information to the contrary. Therefore, Oversight will reflect a zero 
impact in the fiscal note for the above mentioned agencies.  Oversight notes we requested 
information from numerous other cities as well as counties, but none other than Kansas City 
responded.  
FISCAL IMPACT – State GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027$0$0$0FISCAL IMPACT – Local GovernmentFY 2025
(10 Mo.)
FY 2026FY 2027LOCAL POLITICAL 
SUBDIVISIONS
Cost – Municipalities
   Clean Energy Development Board 
changes
$0 to 
(Unknown)
$0 to 
(Unknown)
$0 to 
(Unknown)
ESTIMATED NET EFFECT TO 
LOCAL POLITICAL 
SUBDIVISIONS
$0 to 
(Unknown)
$0 to 
(Unknown)
$0 to 
(Unknown)
FISCAL IMPACT – Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal. L.R. No. 5786H.02C 
Bill No. HCS for HB 2756  
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FISCAL DESCRIPTION
This proposal modifies provisions of the "Property Assessment Clean Energy Act".
This legislation is not federally mandated, would not duplicate any other program and would not 
require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Commerce and Insurance
Department of Revenue
Office of Administration - Budget and Planning
Kansas City
Julie MorffRoss StropeDirectorAssistant DirectorMarch 14, 2024March 14, 2024