SB704 Summary

• Amends the Used Tire Recycling and Accountability Act to establish fee parity between tires removed from rims and new tires sold on new motor vehicles.

• Imposes a new motor vehicle tire fee of $3.00 per tire on each new tire sold on a new motor vehicle, collected upon vehicle registration.

• Maintains rim removal fees at $3.00 per new tire and $1.00 per used tire, with tire retailers retaining 5% for administrative costs.

• Requires monthly reporting and payment of all fees to the Department of Finance and Administration, with proceeds distributed 93% to the Used Tire Recycling Fund and 7% to the Division of Environmental Quality Fee Trust Fund.

• Specifies that only one fee (rim removal fee or commercial generator fee) applies per tire transaction to prevent double charging, and exempts large retreaded tires and tires included as equipment on new or used vehicles at time of sale.