LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 14, 2023 TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB261 by Springer (Relating to the definition of assembled vehicle.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Transportation Code, Section 731.004, to remove assembled trailer from the definition of assembled vehicle. The bill would take effect immediately upon receiving a vote of two-thirds of all members elected to each house or otherwise on September 1, 2023.Assembled trailers would no longer be eligible for titling and registration under the provisions of the bill. Under current law, assembled trailers are considered assembled vehicles and must be titled and registered. The applicable state titling and registration fees are $28 for an original title ($15 to the Texas Emissions Reduction Plan Trust Fund, $5 to the General Revenue Fund, $3 to Texas Department of Motor Vehicles Fund, and $5 to counties); $45 base vehicle registration fee (95 percent to the State Highway Fund, 5 percent to counties); and $4.75 processing and handling fee ($2.45 to the Texas Department of Motor Vehicles Fund and $2.30 to counties).Based on the analysis provided by the Texas Department of Motor Vehicles (TxDMV) and the Comptroller of Public Accounts, it is assumed the bill would result in an insignificant revenue loss to the state and counties. Based on the information provided by TxDMV, it is assumed any costs associated with implementing the bill could be absorbed within the agency's existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 608 Department of Motor Vehicles LBB Staff: b > td > JMc, AAL, GDZ, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 14, 2023
TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB261 by Springer (Relating to the definition of assembled vehicle.), As Introduced
TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB261 by Springer (Relating to the definition of assembled vehicle.), As Introduced
Honorable Robert Nichols, Chair, Senate Committee on Transportation
Honorable Robert Nichols, Chair, Senate Committee on Transportation
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB261 by Springer (Relating to the definition of assembled vehicle.), As Introduced
SB261 by Springer (Relating to the definition of assembled vehicle.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Transportation Code, Section 731.004, to remove assembled trailer from the definition of assembled vehicle. The bill would take effect immediately upon receiving a vote of two-thirds of all members elected to each house or otherwise on September 1, 2023.Assembled trailers would no longer be eligible for titling and registration under the provisions of the bill. Under current law, assembled trailers are considered assembled vehicles and must be titled and registered. The applicable state titling and registration fees are $28 for an original title ($15 to the Texas Emissions Reduction Plan Trust Fund, $5 to the General Revenue Fund, $3 to Texas Department of Motor Vehicles Fund, and $5 to counties); $45 base vehicle registration fee (95 percent to the State Highway Fund, 5 percent to counties); and $4.75 processing and handling fee ($2.45 to the Texas Department of Motor Vehicles Fund and $2.30 to counties).Based on the analysis provided by the Texas Department of Motor Vehicles (TxDMV) and the Comptroller of Public Accounts, it is assumed the bill would result in an insignificant revenue loss to the state and counties. Based on the information provided by TxDMV, it is assumed any costs associated with implementing the bill could be absorbed within the agency's existing resources.
to the state and counties. Based on the information provided by TxDMV, it is assumed any costs associated with implementing 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: b > td > 304 Comptroller of Public Accounts, 608 Department of Motor Vehicles
304 Comptroller of Public Accounts, 608 Department of Motor Vehicles
LBB Staff: b > td > JMc, AAL, GDZ, TG
JMc, AAL, GDZ, TG