Analysis Complete for Second Substitute House Bill 1873
Office of the Governor / Office of Financial Management sent this bulletin at 05/09/2019 09:49 AM PDT
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2SHB 1873, titled AN ACT Relating to the taxation of vapor products as tobacco products, 10 year analysis is complete.
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 |
Vapor Tax |
|
|
|
||
|
2020 |
$ 6,800,000 |
|
|
2021 |
14,100,000 |
|
|
2022 |
19,100,000 |
|
|
2023 |
22,700,000 |
|
|
2024 |
24,800,000 |
|
|
2025 |
27,300,000 |
|
|
2026 |
30,000,000 |
|
|
2027 |
33,100,000 |
|
|
2028 |
36,400,000 |
|
|
2029 |
40,000,000 |
|
|
|
||
|
Total: |
$ 254,300,000 |
|
The Department of Health does not collect the revenue associated with this bill.