LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 11, 2015 TO: Honorable Joseph Pickett, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB393 by McClendon (Relating to the registration fee for motor vehicles with a gross weight of 6,000 pounds or less.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for HB393, As Introduced: an impact of $0 through the biennium ending August 31, 2017.However, the bill would result in a revenue increase of $312,928,000 for the biennium to Fund 6.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 11, 2015
TO: Honorable Joseph Pickett, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB393 by McClendon (Relating to the registration fee for motor vehicles with a gross weight of 6,000 pounds or less.), As Introduced
TO: Honorable Joseph Pickett, Chair, House Committee on Transportation
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB393 by McClendon (Relating to the registration fee for motor vehicles with a gross weight of 6,000 pounds or less.), 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
HB393 by McClendon (Relating to the registration fee for motor vehicles with a gross weight of 6,000 pounds or less.), As Introduced
HB393 by McClendon (Relating to the registration fee for motor vehicles with a gross weight of 6,000 pounds or less.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB393, As Introduced: an impact of $0 through the biennium ending August 31, 2017.However, the bill would result in a revenue increase of $312,928,000 for the biennium to Fund 6.
Estimated Two-year Net Impact to General Revenue Related Funds for HB393, As Introduced: an impact of $0 through the biennium ending August 31, 2017.However, the bill would result in a revenue increase of $312,928,000 for the biennium to Fund 6.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2016 $0 2017 $0 2018 $0 2019 $0 2020 $0
2016 $0
2017 $0
2018 $0
2019 $0
2020 $0
All Funds, Five-Year Impact: Fiscal Year Probable Revenue Gain/(Loss) fromState Highway Fund6 2016 $113,497,000 2017 $199,431,000 2018 $204,417,000 2019 $209,527,000 2020 $214,766,000
Fiscal Year Probable Revenue Gain/(Loss) fromState Highway Fund6 2016 $113,497,000 2017 $199,431,000 2018 $204,417,000 2019 $209,527,000 2020 $214,766,000
2016 $113,497,000
2017 $199,431,000
2018 $204,417,000
2019 $209,527,000
2020 $214,766,000
Fiscal Analysis
The bill would amend Section 502.252 of the Transportation Code to increase the registration fee for a motor vehicle weighing 6,000 pounds or less from $50.75 to $60.75. The bill would take effect January 1, 2016.
Methodology
The Comptroller of Public Accounts used fiscal 2016 data provided by the Texas Department of Motor Vehicles on the estimated number of motor vehicles affected by the bill as the initial basis of the fiscal impact estimate. Adjustments were made in fiscal 2016 for the effective date of the change in fee rate. Estimates for future years were projected from motor vehicle registration revenue growth in the 2016-17 Biennial Revenue Estimate.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, AG, SD
UP, AG, SD