Analysis Complete for Substitute House Bill 2156
Office of the Governor / Office of Financial Management sent this bulletin at 05/09/2019 03:32 PM PDT
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SHB 2156, titled AN ACT Relating to investing in quality prekindergarten, K-12, and postsecondary opportunities throughout Washington with excise taxes on sales and extraordinary profits of high valued assets, 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 |
Capital Gains Tax |
Real Estate Excise Tax |
Total |
|
|
|
||||
|
2020 |
$ |
$ 39,990,000 |
$ 39,990,000 |
|
|
2021 |
803,100,000 |
92,773,000 |
$ 895,873,000 |
|
|
2022 |
968,700,000 |
94,153,000 |
$ 1,062,853,000 |
|
|
2023 |
992,300,000 |
93,810,000 |
$ 1,086,110,000 |
|
|
2024 |
1,016,500,000 |
96,408,000 |
$ 1,112,908,000 |
|
|
2025 |
1,041,300,000 |
95,327,000 |
$ 1,136,627,000 |
|
|
2026 |
1,066,700,000 |
97,515,000 |
$ 1,164,215,000 |
|
|
2027 |
1,092,800,000 |
96,385,000 |
$ 1,189,185,000 |
|
|
2028 |
1,103,600,000 |
95,151,000 |
$ 1,198,751,000 |
|
|
2029 |
1,104,900,000 |
97,388,000 |
$ 1,202,288,000 |
|
|
Total: |
$ 9,189,900,000 |
$ 898,900,000 |
$ 10,088,800,000 |
|