Committee Passage Notice for 2165 2SHB
Office of the Governor / Office of Financial Management sent this bulletin at 02/06/2018 03:38 PM PST
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2SHB 2165, titled AN ACT Relating to vapor products, e-cigarettes, and nicotine products taxation, has been passed by the House Committee on Finance. The Office of Financial Management has identified this bill as requiring a ten-year projection
of increased cost to the taxpayers or affected fee payers.
Ten-year projection:
|
Fiscal |
B&O Tax |
Other Tobacco Products Tax |
Retail Sales Tax |
Total |
|
|
|
|||||
|
2018 |
|
||||
|
2019 |
$ 25,000 |
$ 4,075,000 |
$ 342,000 |
$ 4,442,000 |
|
|
2020 |
38,000 |
8,909,000 |
521,000 |
$ 9,468,000 |
|
|
2021 |
38,000 |
11,860,000 |
522,000 |
$ 12,420,000 |
|
|
2022 |
52,000 |
13,227,000 |
719,000 |
$ 13,998,000 |
|
|
2023 |
54,000 |
14,205,000 |
741,000 |
$ 15,000,000 |
|
|
2024 |
58,000 |
15,298,000 |
798,000 |
$ 16,154,000 |
|
|
2025 |
62,000 |
16,475,000 |
859,000 |
$ 17,396,000 |
|
|
2026 |
67,000 |
17,743,000 |
925,000 |
$ 18,735,000 |
|
|
2027 |
72,000 |
19,107,000 |
997,000 |
$ 20,176,000 |
|
|
|
|||||
|
Total: |
$ 466,000 |
$ 120,899,000 |
$ 6,424,000 |
$ 127,789,000 |
|
Addresses requirement for and the sale and taxation of vapor products, e-cigarettes, and nicotine products. All revenue from the bill is collected by the Department of Revenue – and is accounted for in their fiscal note.
The following legislators voted do pass:
Representative Larry Springer
Democrat
Kirkland
(360) 786-7822
Larry.Springer@leg.wa.gov
Representative Terry Nealey
Republican
Dayton
(360) 786-7828
Terry.Nealey@leg.wa.gov
Representative Kristine Lytton
Democrat
Anacortes
(360) 786-7800
Kristine.Lytton@leg.wa.gov
Representative Sharon Wylie
Democrat
Vancouver
(360) 786-7924
Sharon.Wylie@leg.wa.gov
Representative Gerry Pollet
Democrat
Seattle
(360) 786-7886
Gerry.Pollet@leg.wa.gov
Representative Noel Frame
Democrat
Seattle
(360) 786-7814
Noel.Frame@leg.wa.gov
Representative Laurie Dolan
Democrat
Olympia
(360) 786-7940
Laurie.Dolan@leg.wa.gov
The following legislators voted do not pass:
Representative Ed Orcutt
Republican
Kalama
(360) 786-7990
Ed.Orcutt@leg.wa.gov
Representative Cary Condotta
Republican
Wenatchee
(360) 786-7954
Cary.Condotta@leg.wa.gov
Representative J.T. Wilcox
Republican
Roy
(360) 786-7912
JT.Wilcox@leg.wa.gov
Representative Drew Stokesbary
Republican
Auburn
(360) 786-7846
Drew.Stokesbary@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp