Committee Passage Notice for 2967 SHB

Office of Financial Management

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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
Year

   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