TRANSPORTATION FEE EXTENSION S.B. 1203:
SUMMARY OF BILL
REPORTED FROM COMMITTEE
Senate Bill 1203 (as reported without amendment)
Sponsor: Senator Curtis Hertel
CONTENT
This bill would amend the Limousine, Taxicab, and Transportation Network Company Act to extend a sunset date, from March 21, 2023, to September 30, 2027. The extension would maintain the variable renewal fees established under Public Act 345 of 2016, which eliminated the flat $50 fee that existed previously. The variable fees increase according to the number of vehicles being registered by an applicant according to the schedule below.
Number of Vehicles Registered |
Fee |
10 |
$550 |
11-25 |
$1,000 |
26-100 |
$2,500 |
101-500 |
$5,000 |
501-1,000 |
$10,000 |
More than 1,000 |
$30,000 |
FISCAL IMPACT
This bill would have a positive fiscal impact on the Department of Licensing and Regulatory Affairs. Extending the sunset for these fees is expected to result in a $281,400 increase in revenue for the Department. If the bill were not enacted, the fee would revert to the $50 flat rate, and the Department would not see this increased revenue.
Date Completed: 11-29-22 Fiscal Analyst: Jonah Houtz
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.