(Victor Valley)–In a rare bit of good news for California taxpayers this holiday season, California’s electronic waste recycling fee is set to decline by 50% as of January 1, 2013.
So next time you by a TV, laptop computer or other “covered electronic device with a screen size greater than four inches, you just might save a few bucks.
The dramatic change was announced by Cal-Recycle earlier this year and follows another significant decrease in January 2011. The new fees will range from $3 to $5 depending on the screen size of the device. That’s down from $6 to $10 in 2011 and 2012 and a peak of $8 to $25 in 2009 and 2010.
By law Cal-Recycle may adjust the fee annually to ensure sufficient revenues. However, it is also required to limit its reserve fund to 5% of total payments. According to Cal-Recycle, the fund has swelled in recent years as revenues have outpaced the volume of recycling payment claims. The latest round of fee decreases are aimed at better balancing revenue and expenditures.
Enacted in 2003, the e-waste fee is among 34 tax and fee programs administered by the State Board of Equalization. The fee generates nearly $100 million in annual revenue for electronic recycling programs.