HB 2928 - DIGEST

Provides that the department shall issue a special NASCAR license plate displaying a symbol approved by the department. The NASCAR license plate may be used in lieu of regular or personalized license plates for motor vehicles required to display two motor vehicle license plates or for motorcycles, excluding vehicles registered under chapter 46.87 RCW, upon the terms and conditions established by the department.

Provides that, effective with vehicle registrations due or to become due on January 1, 2005, in addition to all fees and taxes required to be paid upon application and registration of a motor vehicle, the holder of a NASCAR license plate shall pay an initial fee of fifty dollars.

Creates the NASCAR account in the custody of the state treasurer. Upon the department's determination that the state has been reimbursed for the cost of implementing the NASCAR special license plate, all receipts, except as provided in RCW 46.16.313 (6) and (7), from NASCAR license plates must be deposited into the account.

Declares that funds in the account must be disbursed subject to the following conditions and limitations: (1) Under the requirements of RCW 46.16.765, the department must contract with a qualified nonprofit organization to provide assistance to injured NASCAR drivers injured during a NASCAR sponsored race or to the survivors of a NASCAR driver killed during a NASCAR sponsored race.

(2) For the purposes of this act, a "qualified nonprofit organization" means a not-for-profit corporation incorporated and operating exclusively in Washington that has received a determination of tax exempt status under section 501(c)(3) of the federal internal revenue code. The organization must have been established for the express purposes of providing assistance to injured NASCAR drivers or the survivors of a NASCAR driver killed in a NASCAR sponsored race.