Bill Title: Concerning the Washington auto theft prevention authority account.
AN ACT Relating to the Washington auto theft prevention authority account; amending RCW 46.63.110, 46.66.080, and 48.14.020; creating a new section; providing an effective date; and declaring an emergency.
What the Bill says:
(b) Beginning July 1, 2023, and July 1st of each year thereafter, the state treasurer shall deposit $7,000,000 in moneys collected for premium taxes pursuant to this section into the Washington auto theft prevention authority account created in RCW 46.66.080. Beginning July 1, 2023, the amount deposited under this subsection must be adjusted by the most current seasonally adjusted index of the consumer price index for all urban consumers as published by the bureau of labor statistics of the United States department of labor.
Our Summary Opinion:
This bill restores the funding to the system programs which are in place to assist law enforcement in the prevention of auto theft. These funds have been diverted over the last decade. Auto theft is exploding and with it the insurance premiums and deductibles costs are on the rise impacting the public.
This bi-partisan bill passed the Senate unanimously and is now in the House awaiting the processing there.
Please write the committee in the House and encourage them to hold a hearing on this bill.