This Fiscal Note is not an official copy and should not be quoted or cited.
This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0004 - Extends Kansas City transportation sales tax until December 31, 2001
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 0439-01
BILL NO.: Perfected SB 4
SUBJECT: Kansas City; Revenue Dept.; Taxation and Revenue-General-Sales and Use
TYPE: Original
DATE: February 24, 1999
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| General Revenue | $145,500 | $299,000 | $154,000 |
| Total Estimated
Net Effect on All State Funds |
$145,500 | $299,000 | $154,000 |
|
ESTIMATED NET EFFECT ON FEDERAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON LOCAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Local Government | $14,404,500 | $29,601,000 | $15,246,000 |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
FISCAL ANALYSIS
ASSUMPTION
Officials of the Department of Revenue (DOR) state this proposal would not fiscally impact their agency.
Officials of the Kansas City Area Transportation Authority state the extension of the Kansas City Transportation Sales Tax would generate approximately $29.1 million in revenues for FY2000, $29.9 million for FY2001 and $30.8 million for FY2002. The revenues collected from this tax are used to provide public mass transit and para-transit (for the elderly and handicapped) for the city of Kansas City, Mo. This fund is subsequently the 20 percent match for all federal grant funding.
This proposal would result in an increase in Total State Revenues since Collection Fees are included in the General Revenue Fund and general revenues are included in the calculation of Total State Revenue.
| FISCAL IMPACT - State Government | FY 2000 | FY 2001 | FY 2002 |
| (6 Mo.) | (6 Mo.) | ||
| Income to General Revenue Fund | |||
| 1% Collection Fee | $145,500 | $299,000 | $154,000 |
|
ESTIMATED NET EFFECT TO | |||
| GENERAL REVENUE FUND | $145,500 | $299,000 | $154,000 |
| FISCAL IMPACT - Local Government | FY 2000 | FY 2001 | FY 2002 |
| (6 Mo.) | (6 Mo.) | ||
| Income to Kansas City Area | |||
| Transportation Authority ½ % Sales Tax | $14,404,500 | $29,601,000 | $15,246,000 |
|
ESTIMATED NET EFFECT TO | |||
| LOCAL GOVERNMENT | $14,404,500 | $29,601,000 | $15,246,000 |
| FISCAL IMPACT - Small Business | |||
| Small businesses would be expected to be fiscally impacted to the extent that they pay local sales tax on taxable items. The extension of the Kansas City transportation sales tax would cause small businesses to continue to pay the local rate for such taxable items. | |||
DESCRIPTION
Under current law, the Kansas City sales tax for mass transportation will expire on
December 31, 1999. This act extends the expiration date until December 31, 2001.
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
Department of Revenue
Kansas City Area Transportation Authority
Jeanne Jarrett, CPA
Director
February 24, 1999