License plates, special; issuance of plates marking 250th anniversary of the American Revolution. (HB840)

Introduced By

Del. Terry Austin (R-Buchanan)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Special license plates; 250th anniversary of the American Revolution. Authorizes the issuance of revenue-sharing special license plates marking the 250th anniversary of the American Revolution. The bill provides that the prepaid application requirements for special license plates shall not apply to such plates, that the provisions of the bill expire on July 1, 2032, that such plates shall not be newly issued on or after such date, and that such plates may continue in use for a period of time determined by the Commissioner of the Department of Motor Vehicles. This bill is identical to SB 216. Read the Bill »

Notes

According to the fiscal impact statement, the direct cost for the Department of Motor Vehicles (DMV) to design and develop the specialty license plates would be approximately $6,500. However, there are significant indirect costs that are not quantifiable, such as inventory carrying costs. Typically, the DMV recoups these costs over two to three fiscal years from the initial 450 prepaid applications and subsequent renewals. This bill exempts the specialty license plates from the prepaid application requirement, which could result in the DMV expending resources to sell a limited number of plates and not recouping their costs. Therefore, the fiscal implications are not properly quantifiable. Additionally, the bill would provide an indeterminate amount of funding to the Virginia American Revolution 250 Commission. $15 out of every $25 fee per plate issued would be deposited to the Virginia American Revolution 250 Commission Fund to support the Commission's operations and programs. In summary, the exact cost of the legislation is not provided, but it would involve costs for the DMV to design and develop the specialty license plates and an indeterminate amount of funding for the Virginia American Revolution 250 Commission.

Summary generated automatically by OpenAI.

Outcome

Bill Has Passed

History

DateAction
01/09/2024Committee
01/09/2024Prefiled and ordered printed; offered 01/10/24 24101650D
01/09/2024Referred to Committee on Transportation
01/18/2024Assigned Transportation sub: Department of Motor Vehicles
01/23/2024Subcommittee recommends reporting (8-Y 0-N)
01/25/2024Reported from Transportation (21-Y 0-N) (see vote tally)
01/29/2024Read first time
01/30/2024Read second time and engrossed
01/31/2024Read third time and passed House BLOCK VOTE (100-Y 0-N)
01/31/2024VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
02/01/2024Constitutional reading dispensed
02/01/2024Referred to Committee on Transportation
02/02/2024Impact statement from DPB (HB840)
02/15/2024Reported from Transportation (12-Y 0-N) (see vote tally)
02/15/2024Rereferred to Finance and Appropriations
02/21/2024Reported from Finance and Appropriations (14-Y 0-N) (see vote tally)
02/22/2024Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/23/2024Read third time
02/23/2024Passed Senate (39-Y 0-N) (see vote tally)
02/28/2024Enrolled
02/28/2024Bill text as passed House and Senate (HB840ER)
02/28/2024Impact statement from DPB (HB840ER)
02/28/2024Signed by Speaker
03/02/2024Signed by President
03/11/2024Enrolled Bill communicated to Governor on March 11, 2024
03/11/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
03/20/2024G Approved by Governor-Chapter 106 (effective 7/1/24)
03/20/2024G Acts of Assembly Chapter text (CHAP0106)

Duplicate Bills

The following bills are identical to this one: SB216.

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