Notice of Introduction for House Bill 2489 - Update: 10 Year Analysis Complete

Office of Financial Management

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UPDATE: The 10 year analysis for HB 2489, titled AN ACT Relating to creating several new 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 four different special license plates 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, the scenario below is a portrayal of the per plate type issuance based on an average of the 4 plate types illustrated in the existing fiscal note estimates under separate legislation. See HB1829/SB 5738 – LeMay, HB 1489/SB 5590 – St. Helens, HB 2108/SB 5910 – Smokey Bear, and HB 1488 – Working Forests:

 

Average Original Plates:

FY 26 – 1,239

FY 27 – 782

FY 28 – 736

FY 29 – 543

FY 30 – 359

Average Renewal Plates:

FY 27 – 1,067

FY 28 – 1,587

FY 29 – 1,977

FY 30 – 2,183

 



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