|Date Requested:March 17, 2005
Time Requested:10:22 AM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
| HB 3048 will increase licensing revenue approximately $2.6 million in year one of implementation for sections of the Division of Natural Resources funded from the sale of hunting and fishing licenses. The bill also indexes the cost of hunting and fishing licenses to the Consumer Price Index (All Goods). HB 3048 will not produce any additional revenue in FY 2005, since the effective date of the bill is January 1, 2006.
The cost to implement the change will be limited to programming time necessary to adopt changes in the license structure. It would take approximately two weeks of programming work to convert current licensing systems to the new structure at an estimated cost of $3,000.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||3,000||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||1,036,680||2,591,702|
3. Explanation of above estimates (including long-range effect):
Estimated Increase are based on the calculations below:
2005 Estimated Revenue = $0
The bill’s effective date is January 1, 2006
2006 Estimated Revenue = $1,036,680
Since the bill’s effective date is January 1, 2006, only the last half of Fiscal Year 2006 revenues will be affected. It is estimated that 40% of the projected increase will occur in the last half of FY 2006.
Fiscal Year (Upon Completion) = $2,591,702
FY 2007 is the first complete fiscal year under the restructuring proposal. The estimated revenue calculations are attached.
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