COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
LR No.: 0164-03
Bill No.: Perfected SCS for SB 122
Subject: Assessor: Tax Books
Type: Original
Date: February 25, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials of the State Tax Commission stated this proposal would have no fiscal impact on the State Tax Commission.
Oversight assumes this proposal is procedural, and requires no new duties and would have no local fiscal impact.
Local Governments not responding are as follows:
The County Assessors of : Adair, Lincoln, Texas, Nodaway, Atchison, and Marion Counties
| FISCAL IMPACT - State Government | FY 2004 | FY 2005 | FY 2006 |
| $0 | $0 | $0 | |
| FISCAL IMPACT - Local Government | FY 2004 | FY 2005 | FY 2006 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This act provides that the assessor of a third class county may make entries to the assessors book after the May 31st deadline for delivery of the book in the case where real property has changed hands after delivery of the book. The change to the book is limited to noting the new owners and redistributing the assessed valuation to reflect the current ownership status. Any increase to assessed valuation as a result of this provision shall be considered new construction.
The governing body of any third class county must adopt the provisions of this act for the act to take effect in such county.
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
State Tax Commission
NOT RESPONDING
Adair County
Marion County
Lincoln County
Texas County
Nodaway County
Atchison County
Mickey Wilson, CPA
Director
February 25, 2003