LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 260 SLS 24RS 448
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 7, 2024 9:04 AM Author: CLOUD
Dept./Agy.: Department of Transportation and Development
Subject: Special Permit for Heavy Equipment Analyst: Kimberly Fruge
TRANSPORTATION/DEV DEPT EN DECREASE SD RV See Note Page 1 of 1
Provides for transfer of commercial truck permits from truck to truck within the same company. (8/1/24)
Current law provides for a special permit to transporters of heavy equipment and sets the maximum fee at $2,500. Proposed
law provides that these permits may be amended or transferred between vehicles four times per calendar year.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other DECREASE DECREASE DECREASE DECREASE DECREASE
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total
EXPENDITURE EXPLANATION
There is no anticipated direct material effect on governmental expenditures as a result of this measure.
REVENUE EXPLANATION
Proposed law will likely result in a decrease in revenues deposited into the Transportation Trust Fund - Regular (TTF-R) as a
result of allowing companies to amend or transfer heavy equipment permits. The Department of Transportation and
Development is unable to estimate how many permits may be transferred between vehicles under proposed law. Currently,
the department has the authority to transfer a permit once at its discretion. Proposed law allows a total of four transfers.
For illustrative purposes, in 2023 the department issued 1,528 heavy equipment permits at $2,500 for a total revenue of
$3,820,000. The number of companies that will seek to transfer permits between trucks cannot be determined. DOTD
estimates that if eligible companies use the maximum allowable transfers per permit, the department would issue
approximately 747 total permits and realize a revenue loss of $1,952,500 to the TTF-R. This would likely be a maximum
exposure. The LFO believes the actual impacts would likely be significantly lower than this estimate.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Patrice Thomas
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} Deputy Fiscal Officer
or a Net Fee Decrease {S}


Statutes affected:
SB260 Original:
SB260 Engrossed:
SB260 Enrolled:
SB260 Act 60: