Notice of Introduction for House Bill 1858 - Update: 10 Year Analysis Complete

Office of Financial Management

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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