JettaRed
Ultimate Member
Sorry in advance if this has already been covered, but I came across the SB281 Fiscal and Policy Note published during the 2013 Session of the Maryland General Assembly.
It actually summarizes the bill fairly well (though not more succinctly). But what it does is provide the fiscal information associated with implementation of the bill and the impact on small businesses (significant). What I found particularly interesting is the erroneous assumption that revenues associated with the 2013 Firearms Safety Act would increase year to year (9%, 8%, 7.5%, 7%) between FY2014 and FY2018. The projection of net increases in revenue after the first year would be $1.3M to $1.8M.
Fine and dandy! However, what I think is flawed in the assumption is that there would be more and more NEW handgun purchasers each year. Since the MSP Licensing Division stopped posting the number of applications being processed, it's unknown to me if we are hitting last year's record of 120,000 applications during the first nine months--I kinda doubt it. Also, after the first rush of new HQL applicants, I expect we will see a slowdown to only a fraction of new Maryland residents.
Bottom line: I hope the State isn't counting on that extra money for anything important.
It actually summarizes the bill fairly well (though not more succinctly). But what it does is provide the fiscal information associated with implementation of the bill and the impact on small businesses (significant). What I found particularly interesting is the erroneous assumption that revenues associated with the 2013 Firearms Safety Act would increase year to year (9%, 8%, 7.5%, 7%) between FY2014 and FY2018. The projection of net increases in revenue after the first year would be $1.3M to $1.8M.
Fine and dandy! However, what I think is flawed in the assumption is that there would be more and more NEW handgun purchasers each year. Since the MSP Licensing Division stopped posting the number of applications being processed, it's unknown to me if we are hitting last year's record of 120,000 applications during the first nine months--I kinda doubt it. Also, after the first rush of new HQL applicants, I expect we will see a slowdown to only a fraction of new Maryland residents.
Bottom line: I hope the State isn't counting on that extra money for anything important.