CA SB1349

Specifies that a "reasonable financial return" for recycling centers equals 10 percent when calculating beverage container processing payments under the California Beverage Container Recycling and Litter Reduction Act.

Requires the Department of Resources Recycling and Recovery to use this 10 percent standard in determining processing payments, which are paid to processors and recycling centers from the California Beverage Container Recycling Fund.

Applies the processing fee and payment equivalent to HDPE beverage containers to wine and distilled spirits in boxes, bladders, pouches, or similar containers, effective January 1, 2024 through December 31, 2025.

Maintains the existing requirement that the processing fee paid by beverage manufacturers equals 65 percent of the processing payment, except when reduced based on container recycling rates under specified conditions.