According to the Legislative Budget Board (LBB), HB 4967 is not expected to have a fiscal impact on the state government. Although the bill eliminates the renewal fee for a dealer's temporary license plate, the LBB determined that any resulting reduction in fee collections would not have a measurable effect on state finances.

The fiscal note also concludes that no fiscal implication is anticipated for units of local government. The bill does not impose new duties, create new programs, or require additional administrative resources for local entities.

Overall, the LBB projects that the bill would have no significant fiscal impact on either state or local government, and no additional appropriations or implementation costs are anticipated.

HB 4967 makes a narrow administrative change by eliminating the renewal fee for a dealer's temporary license plate while retaining the existing fee for the original issuance of the plate. The bill does not alter the regulatory framework governing dealer temporary license plates, expand eligibility, or modify enforcement or licensing requirements. Instead, it provides a targeted reduction in an existing government-imposed fee for licensed dealers.

The bill does not grow the size or scope of government. It creates no new agency, program, fund, or administrative function, grants no additional rulemaking authority, and does not expand state regulatory authority. The committee analysis likewise concludes that the bill does not grant additional rulemaking authority.

The bill also does not increase the burden on taxpayers. According to the LBB, no fiscal implication to either state government or units of local government is anticipated, indicating that implementation is not expected to require additional public expenditures or appropriations.

Finally, the bill does not increase the regulatory burden on individuals or businesses. It imposes no new compliance obligations, reporting requirements, licensing conditions, or operational restrictions. Rather, it modestly reduces costs for licensed motor vehicle dealers by eliminating the fee for renewing an existing dealer's temporary license plate while leaving the underlying regulatory structure unchanged.

As such, Texas Policy Research recommends that lawmakers vote YES on HB 4967.

• Individual Liberty: The bill does not affect individual rights, impose new mandates, create new offenses, or expand government authority over individuals. It only changes the renewal fee for dealer temporary license plates.
• Personal Responsibility: The bill neither shifts responsibility from private parties to government nor creates incentives that materially affect personal responsibility. It simply eliminates a renewal fee for an existing license plate.
• Free Enterprise: The bill modestly reduces operating costs for licensed motor vehicle dealers by eliminating the renewal fee for dealer temporary license plates. While limited in scope, reducing an existing government fee lessens the financial burden on businesses without imposing new regulatory requirements.
• Private Property Rights: The legislation does not affect ownership, use, transfer, or regulation of private property and does not implicate eminent domain or property rights.
• Limited Government: The bill does not create or expand government programs, agencies, regulatory authority, or rulemaking powers. Instead, it reduces a government-imposed fee while the Legislative Budget Board projects no fiscal impact to state or local government, representing a modest reduction in government costs imposed on regulated businesses without expanding government operations.