[1] NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

 

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F I S C A L   I M P A C T   R E P O R T

 

 

 

SPONSOR:

Luna

 

DATE TYPED:

2/7/02

 

HB

250

 

SHORT TITLE:

Annexation by Resolution

 

SB

 

 

 

ANALYST:

J. Sandoval

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

 

NFI

 

 

 

 

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

LFC files

Responses Received From

Taxation and Revenue Department

State Land Office

 

No Response

The Department of Finance and Administration

 

SUMMARY

 

     Synopsis of Bill

 

House Bill 250 allows counties to annex land from another county if there is no property subject to any state or local taxation within the portion of a county being proposed for annexation.  This stipulation allowing counties to annex land is in addition to current statute and does not delete any other statutory requirements.

 

     Significant Issues

 

Currently land may be annexed if there are no qualified electors residing within the portion of a county being proposed for annexation and both counties agree to the annexation by resolution.

 

FISCAL IMPLICATIONS

 

According to the Taxation and Revenue Department, “If the property is owned by the federal government, it sometimes qualifies for payments in lieu of taxes (PILT), in which case the PILT funds would transfer from the county from which the property is annexed to the county doing the annexing.  Other than this effect, no fiscal impacts on state or local revenue sources would result from enactment of the proposed measure -- unless the property transferred became taxable at some date after the transfer. In any case, fiscal impacts associated with the measure are likely to be small.”

 

JFS/njw

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