Notice of Committee Passage of Senate Bill 5596

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SB 5596, titled AN ACT Relating to extending the expiration date on the health sciences and services authority sales and use tax authorization, 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:

Note:  This fiscal note reflects a revision to the revenue's assumptions, and supersedes fiscal note number 5596-2.

Under current law, local authorities that have created a health sciences and services authority (HSSA) prior to January 1, 2010, may impose a state-shared sales and use tax to promote bioscience-based economic development and advance new therapies and procedures to combat disease and promote public health or to finance and retire indebtedness per RCW 35.104.070.  The tax is set to expire January 1, 2023.  

This legislation extends the expiration date to January 1, 2038.

ASSUMPTIONS

- There is one HSSA in Spokane County.

- In Fiscal Year 2018, the Spokane HSSA received $2.2 million.

- The Spokane HSSA will extend the tax in 2023.

- Impact reflects 5 months of cash collection for Fiscal Year 2023.

DATA SOURCES

- Department of Revenue excise tax data.

REVENUE ESTIMATES 

TOTAL REVENUE IMPACT: 

      State Government (cash basis, $000): 

           FY 2020 -       $ 0

           FY 2021 -       $ 0

           FY 2022 -       $ 0

           FY 2023 -      ($ 1,125)

           FY 2024 -      ($ 2,800)

           FY 2025 -      ($ 2,900)

      Local Government, if applicable (cash basis, $000): 

           FY 2020 -      $ 0

           FY 2021 -      $ 0

           FY 2022 -      $ 0

           FY 2023 -      $ 1,125

           FY 2024 -      $ 2,800

           FY 2025 -      $ 2,900

The following legislators voted do pass:

Representative Ed Orcutt
Republican
(360) 786-7990
Ed.Orcutt@leg.wa.gov

Representative Larry Springer
Democrat
(360) 786-7822
Larry.Springer@leg.wa.gov

Representative Tina Orwall
Democrat
(360) 786-7834
Tina.Orwall@leg.wa.gov

Representative Sharon Wylie
Democrat
(360) 786-7924
Sharon.Wylie@leg.wa.gov

Representative Brandon Vick
Republican
(360) 786-7850
Brandon.Vick@leg.wa.gov

Representative Gael Tarleton
Democrat
(360) 786-7860
Gael.Tarleton@leg.wa.gov

Representative Jesse Young
Republican
(360) 786-7964
Jesse.Young@leg.wa.gov

Representative Drew Stokesbary
Republican
(360) 786-7846
Drew.Stokesbary@leg.wa.gov

Representative Noel Frame
Democrat
(360) 786-7814
Noel.Frame@leg.wa.gov

Representative Mike Chapman
Democrat
(360) 786-7916
Mike.Chapman@leg.wa.gov

Representative Nicole Macri
Democrat
(360) 786-7826
Nicole.Macri@leg.wa.gov

Representative Amy Walen
Democrat
(360) 786-7848
WALEN_AM@leg.wa.gov


Not voting:

Representative Jeff Morris
Democrat
(360) 786-7970
Jeff.Morris@leg.wa.gov

Representative Gerry Pollet
Democrat
(360) 786-7886
Gerry.Pollet@leg.wa.gov

Representative Laurie Dolan
Democrat
(360) 786-7940
Laurie.Dolan@leg.wa.gov



Legislative Bill Information Website: http://apps.leg.wa.gov/billinfo/

Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp