This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0622 - Land Trust Sales; Tax Credits For Housing
L.R. NO. 2431-01
BILL NO. Perfected SB 622
SUBJECT: Property: Real And Personal
TYPE: Original
DATE: April 25, 1996
FISCAL SUMMARY
ESTIMATED NET EFFECT ON STATE FUNDS
FUND AFFECTED FY 1997 FY 1998 FY 1999
NONE
Total Estimated
Net Effect on All
State Funds $0 $0 $0
ESTIMATED NET EFFECT ON FEDERAL FUNDS
FUND AFFECTED FY 1997 FY 1998 FY 1999
NONE
Total Estimated
Net Effect on All
Federal Funds $0 $0 $0
ESTIMATED NET EFFECT ON LOCAL FUNDS
FUND AFFECTED FY 1997 FY 1998 FY 1999
Local Government $0 $0 $0
FISCAL ANALYSIS
ASSUMPTION
Officials from St. Louis County and Jackson County stated there would be no
fiscal impact.
City of St. Louis officials assume no fiscal impact.
FISCAL IMPACT - State Government FY 1997 FY 1998 FY 1999
(10 Mo.)
$0 $0 $0
FISCAL IMPACT - Local Government FY 1997 FY 1998 FY 1999
(10 Mo.)
$0 $0 $0
DESCRIPTION
This act would allow land trustees to convey real estate to any Missouri
not-for-profit organization whose primary purpose is the provision or
enhancement of housing opportunities in the community without first obtaining
the consent of two of the three appointing authorities when the offered price
for the property is less than 2/3 of the appraised value of the property.
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
Jackson County Executive
St. Louis County-Director of Administration
St. Louis City