SB24-123: Waste Tire Management Enterprise

• Creates a government-owned Waste Tire Management Enterprise within the Department of Public Health and Environment effective July 1, 2025, exempt from state constitutional spending and revenue limitations under Article X, Section 20.

• Establishes two new fees on new tire sales effective July 1, 2025: a waste tire enterprise fee (up to $2.50 per tire) set by the enterprise and a waste tire administration fee (up to half the enterprise fee, minimum $0.50) set by the commission.

• Enterprise governed by 9-member board of directors including two department representatives and six representatives from nonprofit/for-profit waste tire businesses, with authority to collect fees, issue revenue bonds, and provide rebates and grants for tire recycling and beneficial reuse.

• Creates waste tire management enterprise fund and end users fund to provide quarterly rebates to in-state tire recyclers on a per-ton basis, with tiered rebate amounts based on type of reuse and additional $25/ton for rural county tires.

• Establishes waste tire management grant program administered by enterprise to award grants to eligible entities (municipalities, nonprofits, schools, businesses) for equipment, infrastructure, staffing, and research related to waste tire recycling and management, with grants ending December 31, 2040.