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Bill: |
Sub.
H.B. 187 of the 128th G.A. |
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Local Impact Statement Procedure Required: No — No local cost |
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Contents: |
Requires deputy registrars to accept debit cards by automated teller machines, and allows deputy registrars to accept debit cards and credit cards by other means for all state-related transactions |
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State Fiscal Highlights
· No direct fiscal effect on state government.
Local Fiscal Highlights
· No direct fiscal effect on political subdivisions.
Detailed Fiscal Analysis
Overview
Currently, deputy registrars are permitted to have cashless automated teller machines at their locations. The bill would require deputy registrars to accept debit cards by automated teller machines and allow deputy registrars to accept debit cards and credit cards by other means, for all state-related transactions.
State and local fiscal effects
The bill specifically states that the Bureau of Motor Vehicles (BMV) is not responsible for paying any of the fees related to credit card transactions; therefore, the bill has no fiscal effect on state government and, by extension, no direct fiscal effect on local governments. The provisions of the bill might increase costs for those deputy registrars that do not already have cashless automated teller machines, but since deputy registrars are only quasi-governmental, there would be no cost to the state or local governments.
Summary of fiscal changes
The bill, in its original form, required the BMV to accept credit or debit cards for all state-related transactions which could have resulted in millions of dollars in increased expenditures for credit card fees. This, in turn, could have led to local taxing authorities losing money in an amount dependent on the increase in expenditures to the BMV. The substitute version of the bill no longer requires the BMV to accept credit or debit cards for its transactions, so the bill does not have any fiscal effect on state or local governments.
