Notice of Public Hearing of Senate Bill 5408
Office of the Governor / Office of Financial Management sent this bulletin at 01/25/2019 11:08 AM PSTYou are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a
bill that raises taxes or fees is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.
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SB 5408, titled AN ACT Relating to the creation of the insurance fraud surcharge account, has been scheduled for a public hearing by the Senate Committee on Financial Institutions, Economic Development & Trade.
Date and Time: 01/31/2019 8:00AM (Subject to change by the Legislature.)
Location: J.A. Cherberg Building, Senate Hearing Rm 2, Olympia, WA
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 |
Insurance Fraud Surcharge |
Regulatory Surcharge |
||
|
||||
2020 |
$1,519,762 |
$-1,519,762 |
|
|
2021 |
$1,522,190 |
$-1,522,190 |
|
|
2022 |
$1,519,762 |
$-1,519,762 |
|
|
2023 |
$1,522,190 |
$-1,522,190 |
|
|
2024 |
$1,519,762 |
$-1,519,762 |
|
|
2025 |
$1,522,190 |
$-1,522,190 |
|
|
2026 |
$1,519,762 |
$-1,519,762 |
|
|
2027 |
$1,522,190 |
$-1,522,190 |
|
|
2028 |
$1,519,762 |
$-1,519,762 |
|
|
2029 |
$1,522,190 |
$-1,522,190 |
|
|
|
||||
Total: |
$15,209,760 |
$-15,209,760 |
|
Bill sponsors and contact information:
Senator Mark Mullet, Prime Sponsor
Democrat
(360) 786-7608
Mark.Mullet@leg.wa.gov
Senator Mona Das
Democrat
(360) 786-7692
DAS_MO@leg.wa.gov
Senator Marko Liias
Democrat
(360) 786-7640
Marko.Liias@leg.wa.gov
Senate Committee on Financial Institutions, Economic Development & Trade members and contact information:
Senator John Braun
Republican
(360) 786-7638
John.Braun@leg.wa.gov
Senator Mona Das
Democrat
(360) 786-7692
DAS_MO@leg.wa.gov
Senator Doug Ericksen
Republican
(360) 786-7682
Doug.Ericksen@leg.wa.gov
Senator Bob Hasegawa
Democrat
(360) 786-7616
Bob.Hasegawa@leg.wa.gov
Senator Steve Hobbs
Democrat
(360) 786-7686
Steve.Hobbs@leg.wa.gov
Senator Mark Mullet
Democrat
(360) 786-7608
Mark.Mullet@leg.wa.gov
Senator Lynda Wilson
Republican
(360) 786-7632
Lynda.Wilson@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp