Notice of Introduction for House Bill 1858 - Update: 10 Year Analysis Complete
Office of the Governor / Office of Financial Management sent this bulletin at 01/18/2024 11:45 AM PSTYou are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a bill that raises taxes or fees
is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.
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UPDATE: The 10 year analysis for HB 1858, titled AN ACT Relating to creating United States Naval Academy special license plates, 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:
Department of Licensing:
This bill creates a special license plate and establishes fees of $40 for an original, $30 for a renewed plate and establishes the distribution of those fees.
If this bill becomes law, it will allow vehicle owners the option to choose a new type of specialty license plate for their vehicle in lieu of the standard issue plate. There is no information available, and it is not known how many of these new specialty plates might be purchased. The total revenue impact is indeterminate.
However, based on historical purchase data of all special plates, the following revenue estimates below could occur:
Original Plates:
FY 24 – 1,198
FY 25 - 670
FY 26 – 651
FY 27 - 481
FY 28 - 326
Renewal Plates:
FY 25 – 1,032
FY 26 - 1,461
FY 27 - 1,797
FY 28 - 1,973
Ten-year projection prepared in consultation with the following agencies:
Department of Licensing
Bill sponsors and contact information:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp