CONCERNING THE CREATION OF THE WASTE TIRE FEE102 ADMINISTRATION CASH FUND
Status
03/08/2013 Governor Action – Signed
Sponsors
HODGE/GEROU
Summary
Joint Budget Committee The department of revenue currently collects a waste tire fee of $1.50 on the sale of each new tire. The state treasurer is required to pay the department up to 1.66% of these fees for its direct and indirect costs associated with the administration of the fee. The bill creates a cash fund for this portion of the fees that are already allocated to the department, and the general assembly is required to annually appropriate the moneys in the fund for the department’s administrative expenses.
Fiscal Impact