COMMITTEE ON LEGISLATIVE RESEARCH OVERSIGHT DIVISION FISCAL NOTE L.R. No.:2715H.01I Bill No.:HB 1249 Subject:County Officials; Property, Real and Personal; Mortgages and Deeds Type:Original Date:March 4, 2025Bill Summary:This proposal modifies provisions governing documents filed or recorded with the recorder of deeds. FISCAL SUMMARY ESTIMATED NET EFFECT ON GENERAL REVENUE FUNDFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net Effect on General Revenue $0$0$0 ESTIMATED NET EFFECT ON OTHER STATE FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net Effect on Other State Funds $0$0$0 Numbers within parentheses: () indicate costs or losses. L.R. No. 2715H.01I Bill No. HB 1249 Page 2 of March 4, 2025 NM:LR:OD ESTIMATED NET EFFECT ON FEDERAL FUNDSFUND AFFECTEDFY 2026FY 2027FY 2028Total Estimated Net Effect on All Federal Funds $0$0$0 ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)FUND AFFECTEDFY 2026FY 2027FY 2028Total 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 2026FY 2027FY 2028Local Government$0$0$0 L.R. No. 2715H.01I Bill No. HB 1249 Page 3 of March 4, 2025 NM:LR:OD FISCAL ANALYSIS ASSUMPTION §§442.380, 443.295 & 570.095 – Documents Filed or Recorded with the Recorder of Deeds Office Officials from the Department of Commerce and Insurance, the Department of Corrections the Missouri Highway Patrol, the Phelps County Sheriff’s OfficeBranson Police Department, the Kansas City Police Department, the St. Louis County Police Department, the Missouri Office of Prosecution Services and the State Tax Commission 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 these agencies. Oversight only reflects the responses received from state agencies and political subdivisions; however, other counties, county recorders, county prosecutors and local law enforcement agencies were requested to respond to this proposed legislation but did not. A listing of political subdivisions included in the Missouri Legislative Information System (MOLIS) database is available upon request. FISCAL IMPACT – State GovernmentFY 2026 (10 Mo.) FY 2027FY 2028$0$0$0FISCAL IMPACT – Local GovernmentFY 2026 (10 Mo.) FY 2027FY 2028$0$0$0 FISCAL IMPACT – Small Business Small businesses who do business as a real estate broker, a title company or a licensed attorney may be impacted by this proposal. §442.380.2(3) FISCAL DESCRIPTION The proposed legislation appears to have no direct fiscal impact. This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. L.R. No. 2715H.01I Bill No. HB 1249 Page 4 of March 4, 2025 NM:LR:OD SOURCES OF INFORMATION Department of Commerce and Insurance Department of Corrections Missouri Highway Patrol Phelps County Sheriff’s Office Branson Police Department Kansas City Police Department St. Louis County Police Department Missouri Office of Prosecution Services State Tax Commission Julie MorffJessica HarrisDirectorAssistant DirectorMarch 4, 2025March 4, 2025