What portion of the time payment fee is remitted to the State Comptroller each quarter?

• A. 25 percent
• B. 50 percent
• C. 75 percent
• D. 100 percent

Answer: (B)

The topic is how revenue from a time payment fee is distributed to the state treasury on a quarterly basis. The policy specifies a fifty percent remittance to the State Comptroller each quarter. The remaining fifty percent typically stays with the collecting entity to cover its own administrative costs or other allowed uses, depending on the applicable statute. So the correct figure is fifty percent because the rule defines a 50/50 split between the State Comptroller and the collecting entity. The other options don’t fit the policy: a smaller share wouldn’t meet the statutory requirement, a larger share would overfund the state, and keeping all of it would ignore the mandated remittance.