Notice of Introduction for Senate Bill 5085 - Update: 10 Year Analysis Completed
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SB 5085, titled AN ACT Relating to modifying certain alternative fuel vehicles fees, has been introduced in the Senate. The Office of Financial Management has identified this bill as requiring a ten-year projection of increased cost to the taxpayers
or affected fee payers.
Ten-year projection:
|
Fiscal |
Electric Motorcycle $100 |
Electric Motorcycle $30 |
Electric Motorcycle $50 |
Transportation Electrification $75 |
Total |
|
|
|
||||||
|
2022 |
$ -14,400 |
$ 4,300 |
$ -7,200 |
$ -8,397,900 |
$ -8,415,200 |
|
|
2023 |
-23,900 |
7,200 |
-11,900 |
-13,524,800 |
$ 13,553,400 |
|
|
2024 |
-26,300 |
7,900 |
-13,100 |
-14,934,200 |
$ 14,965,700 |
|
|
2025 |
-28,900 |
8,700 |
-14,400 |
-16,395,700 |
$ 16,430,300 |
|
|
2026 |
-31,700 |
9,500 |
-15,900 |
-17,915,200 |
$ 17,953,300 |
|
|
2027 |
-35,000 |
10,500 |
-17,500 |
-19,454,000 |
$ 19,496,000 |
|
|
2028 |
-38,400 |
11,500 |
-19,200 |
-20,892,900 |
$ 20,939,000 |
|
|
2029 |
-42,300 |
12,700 |
-21,100 |
-22,260,500 |
$ 22,311,200 |
|
|
2030 |
-46,600 |
14,000 |
-23,300 |
-23,601,900 |
$ 23,657,800 |
|
|
2031 |
-51,200 |
15,400 |
-25,600 |
-24,972,500 |
$ 25,033,900 |
|
|
|
||||||
|
Total: |
$ -338,700 |
$ 101,700 |
$ -169,200 |
$ -182,349,600 |
$182,755,800 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Licensing
Bill sponsors and contact information:
Senator Christine Rolfes, Prime Sponsor
Democrat
(360) 786-7644
christine.rolfes@leg.wa.gov
Senator Liz Lovelett
Democrat
(360) 786-7678
Liz.Lovelett@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp