Notice of Committee Passage of Senate Bill 6016
Office of the Governor / Office of Financial Management sent this bulletin at 04/19/2019 09:30 AM PDT
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SB 6016, titled AN ACT Relating to the taxation of international investment management companies, has been passed by the Senate Committee on Ways & Means. 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 |
$ 26,800,000 |
$ 870,000 |
$ 27,670,000 |
|
|
2021 |
30,700,000 |
1,050,000 |
$ 31,750,000 |
|
|
2022 |
32,300,000 |
-90,000 |
$ 32,210,000 |
|
|
2023 |
34,100,000 |
-190,000 |
$ 33,910,000 |
|
|
2024 |
35,800,000 |
-190,000 |
$ 35,610,000 |
|
|
2025 |
37,600,000 |
-190,000 |
$ 37,410,000 |
|
|
2026 |
39,500,000 |
-190,000 |
$ 39,310,000 |
|
|
2027 |
41,400,000 |
-190,000 |
$ 41,210,000 |
|
|
2028 |
43,500,000 |
-190,000 |
$ 43,310,000 |
|
|
2029 |
45,700,000 |
-190,000 |
$ 45,510,000 |
|
|
Total: |
$ 367,400,000 |
$ 500,000 |
$ 367,900,000 |
|
The following legislators voted do pass:
Senator Steve Conway
Democrat
(360) 786-7656
Steve.Conway@leg.wa.gov
Senator Karen Keiser
Democrat
(360) 786-7664
Karen.Keiser@leg.wa.gov
Senator Sam Hunt
Democrat
(360) 786-7642
Sam.Hunt@leg.wa.gov
Senator Jeannie Darneille
Democrat
(360) 786-7652
DARNEILL_JE@leg.wa.gov
Senator Christine Rolfes
Democrat
(360) 786-7644
Christine.Rolfes@leg.wa.gov
Senator Jamie Pedersen
Democrat
(360) 786-7628
Jamie.Pedersen@leg.wa.gov
Senator Kevin Van De Wege
Democrat
(360) 786-7646
Kevin.VanDeWege@leg.wa.gov
Senator Marko Liias
Democrat
(360) 786-7640
Marko.Liias@leg.wa.gov
Senator Reuven Carlyle
Democrat
(360) 786-7670
Reuven.Carlyle@leg.wa.gov
Senator Andy Billig
Democrat
(360) 786-7604
Andy.Billig@leg.wa.gov
Senator Ann Rivers
Republican
(360) 786-7634
Ann.Rivers@leg.wa.gov
Senator David Frockt
Democrat
(360) 786-7690
David.Frockt@leg.wa.gov
Senator Mark Mullet
Democrat
(360) 786-7608
Mark.Mullet@leg.wa.gov
Senator Guy Palumbo
Democrat
(360) 786-7600
Guy.Palumbo@leg.wa.gov
The following legislators voted to refer the bill without recommendation:
Senator Jim Honeyford
Republican
(360) 786-7684
Jim.Honeyford@leg.wa.gov
Senator Barbara Bailey
Republican
(360) 786-7618
Barbara.Bailey@leg.wa.gov
Senator Bob Hasegawa
Democrat
(360) 786-7616
Bob.Hasegawa@leg.wa.gov
Senator Judy Warnick
Republican
(360) 786-7624
Judith.Warnick@leg.wa.gov
Senator Randi Becker
Republican
(360) 786-7602
Randi.Becker@leg.wa.gov
Senator John Braun
Republican
(360) 786-7638
John.Braun@leg.wa.gov
Senator Sharon Brown
Republican
(360) 786-7614
Sharon.Brown@leg.wa.gov
Senator Lynda Wilson
Republican
(360) 786-7632
Lynda.Wilson@leg.wa.gov
Senator Keith Wagoner
Republican
(360) 786-7676
Keith.Wagoner@leg.wa.gov
The following legislators voted do not pass:
Senator Mark Schoesler
Republican
(360) 786-7620
Mark.Schoesler@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp