Committee Passage Notice for 2967 SHB
Office of the Governor / Office of Financial Management sent this bulletin at 02/28/2018 04:45 PM PST
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SHB 2967, titled AN ACT Relating to assisting Washington families by improving the fairness of the state's tax system by enacting a capital gains tax and providing property tax relief, 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 |
Capital Gains Tax |
|
|
|
||
|
2018 |
||
|
2019 |
||
|
2020 |
$ 857,300,000 |
|
|
2021 |
932,300,000 |
|
|
2022 |
968,000,000 |
|
|
2023 |
1,009,900,000 |
|
|
2024 |
1,053,100,000 |
|
|
2025 |
1,096,100,000 |
|
|
2026 |
1,134,600,000 |
|
|
2027 |
1,175,600,000 |
|
|
|
||
|
Total: |
$ 8,226,900,000 |
|
The following legislators voted do pass:
Representative Larry Springer
Democrat
Kirkland
(360) 786-7822
Larry.Springer@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 to refer the bill without recommendation:
Representative J.T. Wilcox
Republican
Roy
(360) 786-7912
JT.Wilcox@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 Terry Nealey
Republican
Dayton
(360) 786-7828
Terry.Nealey@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