OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5538

AN ACT CONCERNING A NONEXPIRING AMMUNITION CERTIFICATE.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 19 $

FY 20 $

Department of Emergency Services and Public Protection

GF - Revenue Gain

See Below

See Below

Note: GF=General Fund

Municipal Impact: None

Explanation

There is a revenue gain associated with the bill, which creates a new, non-expiring class of ammunition certificate. The new certificate would cost $100, which individuals may opt to purchase instead of the current $35 certificate that expires after five years.

The ammunition certificate account was established in FY 14, with revenues gradually decreasing from FY 14 to FY 17 to account for the five year horizon on expirations. In FY 14, revenues from ammunition certificates were $112,600. Any revenue gain in a given fiscal year would vary based on how many individuals opted to purchase non-expiring certificates.

The Out Years

The creation of a non-expiring class of ammunition certificate could lead to a revenue loss in the out years. If individuals were to opt to purchase them in FY 19 or FY 20, it would lead to a corresponding revenue loss that would have not otherwise occurred with five-year certificates.