(1) Effective February, 2004, and each February and August thereafter through 2011, the department shall establish an administrative fee not to exceed:

(a) 0.45% of the individual income and corporation license taxes collected annually; or

(b) the amount of the department's loan payment that is due on that date to the Montana Board of Investments.

(2) The administrative fee will be adjusted biannually in February and August to provide sufficient funds to pay the principal and interest payments to the Montana Board of Investments as authorized by 15-1-141 and 17-5-2001 , MCA, to pay for the department's integrated revenue information system.

(3) The administrative fee will be paid from individual income taxes, Title 15, chapter 30, MCA, and the corporation license taxes, Title 15, chapter 31, MCA, collected by the department.