LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 9, 2015 TO: Honorable Joseph Pickett, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB315 by Raymond (Relating to the issuance of "In God We Trust" specialty license plates.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for HB315, As Introduced: a positive impact of $11,800 through the biennium ending August 31, 2017. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 9, 2015
TO: Honorable Joseph Pickett, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB315 by Raymond (Relating to the issuance of "In God We Trust" specialty license plates.), As Introduced
TO: Honorable Joseph Pickett, Chair, House Committee on Transportation
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB315 by Raymond (Relating to the issuance of "In God We Trust" specialty license plates.), As Introduced
Honorable Joseph Pickett, Chair, House Committee on Transportation
Honorable Joseph Pickett, Chair, House Committee on Transportation
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB315 by Raymond (Relating to the issuance of "In God We Trust" specialty license plates.), As Introduced
HB315 by Raymond (Relating to the issuance of "In God We Trust" specialty license plates.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB315, As Introduced: a positive impact of $11,800 through the biennium ending August 31, 2017. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for HB315, As Introduced: a positive impact of $11,800 through the biennium ending August 31, 2017.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2016 $5,900 2017 $5,900 2018 $5,900 2019 $5,900 2020 $5,900
2016 $5,900
2017 $5,900
2018 $5,900
2019 $5,900
2020 $5,900
All Funds, Five-Year Impact: Fiscal Year Probable Revenue Gain fromGeneral Revenue Fund1 Probable Revenue Gain fromCounties 2016 $5,900 $100 2017 $5,900 $100 2018 $5,900 $100 2019 $5,900 $100 2020 $5,900 $100
Fiscal Year Probable Revenue Gain fromGeneral Revenue Fund1 Probable Revenue Gain fromCounties 2016 $5,900 $100 2017 $5,900 $100 2018 $5,900 $100 2019 $5,900 $100 2020 $5,900 $100
2016 $5,900 $100
2017 $5,900 $100
2018 $5,900 $100
2019 $5,900 $100
2020 $5,900 $100
Fiscal Analysis
The bill would amend the Transportation Code to require the Department of Motor Vehicles to issue specialty license plates that include the words "In God We Trust." The bill would specify that the fee for the new specialty license plate, after deduction of DMV administrative costs, is to be deposited to the General Revenue Fund and may only be appropriated to the Texas Veterans Commission.
Methodology
Based on the information and analysis provided by DMV, this analysis assumes 200 of the new specialty license plates would be issued each year at a fee of $30 each of which $7.50 would be deposited to the General Revenue Fund for DMV administrative expenses; $0.50 would be retained by the counties; and $22 would be deposited to the General Revenue Fund and may be appropriated to the Texas Veterans Commission. This analysis assumes $4,400 each year would remain after deduction of DMV and county administrative expenses. Based on the analysis of DMV, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 403 Veterans Commission, 608 Department of Motor Vehicles
304 Comptroller of Public Accounts, 403 Veterans Commission, 608 Department of Motor Vehicles
LBB Staff: UP, AG, NV, TG
UP, AG, NV, TG