Notice of Introduction for Senate Bill 5910 - Update: 10 Year Analysis Complete

Office of Financial Management

Having trouble viewing this email? View it as a Web page.

Bookmark and Share

You 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.

Please note: This email message was sent from a notification-only address. Please do not reply to this message.

UPDATE: The 10 year analysis for SB 5910, titled AN ACT Relating to creating the state department of natural resources' Smokey Bear 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 similar special plates, the following revenue estimates below could occur: 

Original Plates:

FY 25 – 1,680

FY 26 - 940

FY 27 – 914

FY 28 - 675

FY 29 - 458

Renewal Plates:

FY 26 – 1,447

FY 27 – 2,049

FY 28 – 2,522

FY 29 – 2,769

 



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