Notice of Introduction for Senate Bill 5233

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SB 5233, titled AN ACT Relating to creating a state financial assurance program for petroleum underground storage tanks, 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 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:

Senator Lisa Wellman, Prime Sponsor
Democrat
(360) 786-7641
lisa.wellman@leg.wa.gov

Senator Liz Lovelett
Democrat
(360) 786-7678
liz.lovelett@leg.wa.gov

Senator Drew MacEwen
Republican
(360) 786-7668
drew.macewen@leg.wa.gov

Senator Joe Nguyen
Democrat
(360) 786-7667
NGUYEN_JO@leg.wa.gov

Senator Jesse Salomon
Democrat
(360) 786-7662
SALOMON_JE@leg.wa.gov

Senator Sharon Shewmake
Democrat
(360) 786-7682
sharon.shewmake@leg.wa.gov




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

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