LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 301 SLS 24RS 366
Bill Text Version: ORIGINAL
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 3, 2024 2:56 PM Author: MIGUEZ
Dept./Agy.: Attorney General/District Attorneys
Subject: Transactions Involving Firearms and Ammunition Retailers Analyst: Daniel Druilhet
BANKS/BANKING OR SEE FISC 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 or agent shall require the assignment of a firearms code nor shall a financial institution or
its agent decline a payment card transaction involving a firearms retailer based solely on assignment of a firearms code, with exceptions;
mandates the AG or DA 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 or DA 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 or DA 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 or a district attorney 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. Both the district
attorneys and the Attorney General advise 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