Analysis Complete of Engrossed Senate Bill 6016
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ESB 6016, titled AN ACT Relating to the taxation of international investment management companies, 10 year analysis is complete.
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 |
|
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp