How much money will the check-off program generate annually?
The rate of assessment will be ½ of 1%, ($0.005 per dollar) of the first invoice of a first handled domestic dimension natural stone and the declared invoice value of imported dimension natural stone. According to 2008 statistics; (source U.S. Geological Survey), the estimated value of U.S. produced dimension natural stone in 2008 was $288,000,000 and the estimated value of imported natural stone in the same period was $2,500,000,000; for a total value of $2,788,000,000, therefore the NSRPB’s assessment value in 2008 would have been $13,940,000. The global economic downturn will pose a challenge to increased demand, domestic production, and imports of dimension stone in the near term, so the check off program will most likely not generate assessments at that level in the early years.
