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This bill reduces the environmental assurance fee assessed on each gallon of petroleum product sold from 1/2 cent to 1/4 cent. The bill also eliminates a $250 annual fee for petroleum storage tanks. It is estimated that the decrease in revenue to the Petroleum Storage Tank Trust Fund will be $2,500,000 from the

 

FY 99 Approp. FY 00 Approp. FY 99 Revenue FY 00 Revenue
Trust Funds $70,000 $70,000 ($2,560,000) ($2,560,000)
TOTAL $70,000 $70,000 ($2,560,000) ($2,560,000)

 

Office of the Legislative Fiscal Analyst

2/3/1998 9:10:17 AM

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