Notice of Public Hearing of Senate Bill 5408

Office of Financial Management

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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
Year

   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