Notice of Introduction of House Bill 1343
Office of the Governor / Office of Financial Management sent this bulletin at 01/18/2019 04:27 PM PST
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HB 1343, titled AN ACT Relating to increasing revenues for the support of state government, has been introduced in the House of Representatives. 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 |
Business and Occupation Tax |
Capital Gains Tax |
Total |
|
|
|
||||
|
2020 |
$ 1,216,235,000 |
$ 1,216,235,000 |
||
|
2021 |
1,365,284,000 |
1,006,090,000 |
$ 2,371,374,000 |
|
|
2022 |
1,435,275,000 |
1,089,820,000 |
$ 2,525,095,000 |
|
|
2023 |
1,516,016,000 |
1,118,335,000 |
$ 2,634,351,000 |
|
|
2024 |
1,591,310,000 |
1,147,547,000 |
$ 2,738,857,000 |
|
|
2025 |
1,670,323,000 |
1,177,471,000 |
$ 2,847,794,000 |
|
|
2026 |
1,753,238,000 |
1,208,125,000 |
$ 2,961,363,000 |
|
|
2027 |
1,840,245,000 |
1,239,527,000 |
$ 3,079,772,000 |
|
|
2028 |
1,932,087,000 |
1,252,636,000 |
$ 3,184,723,000 |
|
|
2029 |
2,028,787,000 |
1,254,118,000 |
$ 3,282,905,000 |
|
|
Total: |
$ 16,348,800,000 |
$ 10,493,669,000 |
$ 26,842,469,000 |
|
Bill sponsors and contact information:
Representative Gael Tarleton, Prime Sponsor
Democrat
(360) 786-7860
Gael.Tarleton@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp