Notice of Introduction of House Bill 2137
Office of the Governor / Office of Financial Management sent this bulletin at 03/04/2019 04:20 PM PST
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HB 2137, titled AN ACT Relating to eliminating tax preferences for bullion, 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 |
B&O Tax |
Retail Sales Tax |
Total |
|
|
2020 |
$ 194,000 |
$ 1,600,000 |
$ 1,794,000 |
|
|
2021 |
302,000 |
2,484,000 |
$ 2,786,000 |
|
|
2022 |
314,000 |
2,566,000 |
$ 2,880,000 |
|
|
2023 |
325,000 |
2,653,000 |
$ 2,978,000 |
|
|
2024 |
337,000 |
2,743,000 |
$ 3,080,000 |
|
|
2025 |
349,000 |
2,836,000 |
$ 3,185,000 |
|
|
2026 |
362,000 |
2,932,000 |
$ 3,294,000 |
|
|
2027 |
375,000 |
3,032,000 |
$ 3,407,000 |
|
|
2028 |
389,000 |
3,135,000 |
$ 3,524,000 |
|
|
2029 |
403,000 |
3,241,000 |
$ 3,644,000 |
|
|
Total: |
$ 3,350,000 |
$ 27,222,000 |
$ 30,572,000 |
|
Bill sponsors and contact information:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp