-IR- Database Guide
-IR- Database: Indiana Register

TITLE 140 BUREAU OF MOTOR VEHICLES

Economic Impact Statement
LSA Document #21-460


IC 4-22-2.1-5 Statement Concerning Rules Affecting Small Businesses


The Indiana Bureau of Motor Vehicles (Bureau) has determined that this proposed rule, 140 IAC 4-2-1 as amended, will impose no requirements or costs on small businesses.

Estimated Number of Small Businesses Subject to this Rule:
The Bureau estimates that the total number of small businesses that should be considered is zero.

Estimated Average Annual Reporting, Record Keeping, and Other Administrative Costs Small Businesses Will Incur to Comply with the Proposed Rule:
There are no additional annual administrative, reporting, or record keeping costs or requirements imposed.

Estimated Total Annual Economic Impact on Small Businesses:
There is no economic impact on small businesses with the implementation of the proposed rule.

Justification of Any Requirement Imposed by the Proposed Rule and Not Expressly Required by the Statute Authorizing the Rule:
This proposed rule does not impose any requirement on small businesses.

Supporting Data, Studies, and Analyses:
As this proposed rule does not impose any costs or requirements on small businesses, there is no supporting data, studies, or analyses to support the impact on small businesses.

Any Regulatory Flexibility Analysis That Considers Any Less Intrusive or Less Costly Alternative Methods of Achieving the Same Purpose:
As this proposed rule does not impose any costs or requirements on small businesses, there is no less intrusive or less costly alternative method of achieving the same purpose.

Other factors considered:
A. Establishment of less stringent compliance or reporting requirements for small businesses.
This proposed rule does not apply to small businesses.

B. Establishment of less stringent schedules or deadlines for compliance or reporting requirements for small businesses.
This proposed rule does not apply to small businesses.

C. Consolidation or simplification of compliance or reporting requirements for small businesses.
This proposed rule does not apply to small businesses.

D. Establishment of performance standards for small businesses instead of design or operational standards imposed on other regulated entities by the rule.
This proposed rule does not apply to small businesses.

E. Exemption of small businesses from part or all of the requirements or costs imposed by the rule.
This proposed rule does not apply to small businesses.


The Indiana Bureau of Motor Vehicles (Bureau) has determined that the above listed Applicable Rules will not impose requirements or costs on small businesses. The proposed changes create consistency in terminology.

Estimated Number of Small Businesses Subject to this Rule:
250

Estimated Average Annual Reporting, Record Keeping, and Other Administrative Costs Small Businesses Will Incur to Comply with the Proposed Rule:
There are no additional annual administrative, reporting, or record keeping costs or requirements imposed.

Estimated Total Annual Economic Impact on Small Businesses:
There is no economic impact on small businesses with the implementation of the proposed rule.

Justification of Any Requirement Imposed by the Proposed Rule and Not Expressly Required by the Statute Authorizing the Rule:
This proposed rule does not impose any requirement on small businesses.

Supporting Data, Studies, and Analyses:
As this proposed rule does not impose any costs or requirements on small businesses, there is no supporting data, studies, or analyses to support the impact on small businesses.

Any Regulatory Flexibility Analysis That Considers Any Less Intrusive or Less Costly Alternative Methods of Achieving the Same Purpose:
As this proposed rule does not impose any costs or requirements on small businesses, there is no less intrusive or less costly alternative method of achieving the same purpose.

Other factors considered:
A. Establishment of less stringent compliance or reporting requirements for small businesses.
Not Applicable

B. Establishment of less stringent schedules or deadlines for compliance or reporting requirements for small businesses.
Not Applicable

C. Consolidation or simplification of compliance or reporting requirements for small businesses.
Not Applicable

D. Establishment of performance standards for small businesses instead of design or operational standards imposed on other regulated entities by the rule.
Not Applicable

E. Exemption of small businesses from part or all of the requirements or costs imposed by the rule.
Not Applicable

Applicable Rule: 140 IAC 4-1.4-1

The Indiana Bureau of Motor Vehicles (Bureau) has determined that the proposed rule imposes minimal requirements or costs on small businesses.

Estimated Number of Small Businesses Subject to this Rule:
250

Estimated Average Annual Reporting, Record Keeping, and Other Administrative Costs Small Businesses Will Incur to Comply with the Proposed Rule:
None

Estimated Total Annual Economic Impact on Small Businesses:
Less than $1000 per year total for the totality of small businesses.

Justification of Any Requirement Imposed by the Proposed Rule and Not Expressly Required by the Statute Authorizing the Rule:
This proposed rule change covers the administrative cost of the Bureau to issue a replacement license required by regulation to be displayed by the business at its location in the event of loss of such license. This conforms to costs already incurred by businesses to amend existing licenses with the Bureau. Small businesses will not have an increased cost if they do not lose and/or destroy their license.

Supporting Data, Studies, and Analyses:
Not Applicable

Any Regulatory Flexibility Analysis That Considers Any Less Intrusive or Less Costly Alternative Methods of Achieving the Same Purpose:
Not Applicable

Other factors considered:
A. Establishment of less stringent compliance or reporting requirements for small businesses.
Not Applicable

B. Establishment of less stringent schedules or deadlines for compliance or reporting requirements for small businesses.
Not Applicable

C. Consolidation or simplification of compliance or reporting requirements for small businesses.
Not Applicable

D. Establishment of performance standards for small businesses instead of design or operational standards imposed on other regulated entities by the rule.
Not Applicable

E. Exemption of small businesses from part or all of the requirements or costs imposed by the rule.
Not Applicable

Posted: 11/24/2021 by Legislative Services Agency

DIN: 20211124-IR-140210460EIA
Composed: Nov 27,2022 1:22:47PM EST
A PDF version of this document.