LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 301 SLS 24RS 366
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 30, 2024 10:05 AM Author: MIGUEZ
Dept./Agy.: Attorney General/District Attorneys
Subject: Transactions Involving Firearms and Ammunition Retailers Analyst: Daniel Druilhet
BANKS/BANKING EN SEE FISC NOTE See Note Page 1 of 1
Provides for transactions involving firearms and ammunition retailers. (8/1/24)
Proposed law provides that except for records kept for criminal investigation and prosecution, or required by law, no government entity,
official, agent, or employee shall knowingly keep or cause to be kept any list, record, or registry of privately owned firearms or firearm
owners; provides that no payment card network shall require or incentivize the use of a merchant category code nor shall a covered entity
assign a firearm retailer or merchant category code that distinguishes the firearm retailer from other retailers; mandates the AG
investigate allegations that a person or entity has violated the proposed law and, upon finding the violation, provide written notice to the
person or entity believed to be in violation; provides that if violation does not cease within 30 days after receiving notice from the AG, the
AG shall file an action against that person or entity to seek an injunction; provides that if a court finds that a person or entity violated the
proposed law and has not ceased activity constituting the violation, the court shall enjoin the person or entity from continuing the activity
and shall award attorney fees, court costs, and any relief the court considers appropriate; provides that if a person or entity is purposely
noncompliant with an injunction after 30 days of its service, the AG shall seek to impose a fine of no more than $1,000 per violation;
provides that the AG has exclusive enforcement authority.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
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 SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
Annual Total
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 $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
EXPENDITURE EXPLANATION
The proposed legislation mandates that the Attorney General investigate reasonable allegations of a person or entity violating its
provisions, provide written notice to the person or entity in violation, file an injunction against a person or entity that does not cease
violation, and seek other remedies (court imposition of civil fines not to exceed $1,000) against those in violation. The Attorney General
advises that the proposed law will expand its authority to investigate and pursue civil litigation against those in violation of the proposed
law, but because there is no way to determine how often investigations, litigation, and compliance roles would be required, there is no way
to determine an exact fiscal impact, if any, with the enactment of the proposed law.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
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} or a Net Fee Decrease {S} Deputy Fiscal Officer