Military service-motor vehicle registration.

05LSO-0203.L1

                                                         

FISCAL NOTE

 

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Decrease:
HIGHWAY FUND	235,125	235,125	235,125
LOCAL SOURCES FUND (Counties)	2,052,000	2,052,000	2,052,000

 

Source of Revenue Decrease:

 

Military exemption for motor vehicle registrations

 

Assumptions:

 

1)  3,675 active military personnel; 600 active National Guard members; total active persons equals 4,275

2)  Average active military person will register two vehicles (even though three exemptions are provided by this legislation) – one passenger car weighing 3,500 pounds or less and one sports utility vehicle weighing 6,000 pounds or less

3)  Estimated average factory price of passenger car assumed to be $15,000

4)  Estimated average factory price of sports utility vehicle assumed to be $25,000

5)  Estimated average vehicle age assumed to be three years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by: Kevin Hibbard, Dept. of Transportation  Phone:  777-4026