Senate Introduction Notice for 6605 SB
Office of the Governor / Office of Financial Management sent this bulletin at 02/19/2018 03:38 PM PST
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SB 6605, titled AN ACT Relating to the taxation of vapor products, has been introduced in the Senate. 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 |
$ 63,000 |
$ 14,868,000 |
$ 871,000 |
$ 15,802,000 |
|
|
2020 |
103,000 |
25,799,000 |
1,423,000 |
$ 27,325,000 |
|
|
2021 |
106,000 |
30,728,000 |
1,466,000 |
$ 32,300,000 |
|
|
2022 |
125,000 |
33,599,000 |
1,725,000 |
$ 35,449,000 |
|
|
2023 |
132,000 |
36,021,000 |
1,816,000 |
$ 37,969,000 |
|
|
2024 |
141,000 |
38,675,000 |
1,947,000 |
$ 40,763,000 |
|
|
2025 |
151,000 |
41,524,000 |
2,088,000 |
$ 43,763,000 |
|
|
2026 |
162,000 |
44,584,000 |
2,240,000 |
$ 46,986,000 |
|
|
2027 |
174,000 |
47,870,000 |
2,402,000 |
$ 50,446,000 |
|
|
|
|||||
|
Total: |
$ 1,157,000 |
$ 313,668,000 |
$ 15,978,000 |
$ 330,803,000 |
|
Bill sponsors and contact information:
Senator Kevin Ranker, Prime Sponsor
Democrat
Deer Harbor
(360) 786-7678
Kevin.Ranker@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp