Update: 10 Year Analysis Complete for House Bill 1175

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UPDATE: The 10 year analysis for HB 1175, titled AN ACT Relating to creating a state financial assurance program for petroleum underground storage tanks, has been completed. 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 Year		Petroleum products tax
2024		$18,000,000
2025		$28,100,000
2026		$4,700,000
2027		$24,700,000
2028		$30,700,000
2029		($5,400,000)
2030		$29,800,000
2031		$33,100,000
2032		($19,000)
2033		$34,400,000
Total:		$198,081,000

Wa Pollution Liab Insurance Program:

Assumptions and revenue estimates from the petroleum products tax are provided by the Department of Revenue fiscal

note included with the agency request submission. 

PLIA anticipates cash receipts from the following:

Section 4. Enrollment and/or program fees. These are indeterminate receipts dependent on the fees charged and

number of UST owners and operators who choose to enroll in the program. The fee amounts paid by UST owners and

operators seeking to register the UST system in the state financial assurance program will be identified through rule.

Ten-year projection prepared in consultation with the following agencies:

Department of Revenue
Wa Pollution Liab Insurance Program


Bill sponsors and contact information:

Representative Beth Doglio, Prime Sponsor
Democrat
(360) 786-7940
beth.doglio@leg.wa.gov

Representative Mary Dye
Republican
(360) 786-7942
mary.dye@leg.wa.gov

Representative Mari Leavitt
Democrat
(360) 786-7890
LEAVITT_MA@leg.wa.gov




Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp