Analysis Complete for Substitute Senate Bill 5993
Office of the Governor / Office of Financial Management sent this bulletin at 05/09/2019 03:36 PM PDT
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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 |
Hazardous Substance Tax |
|
|
|
||
|
2020 |
$ 285,530,000 |
|
|
2021 |
321,700,000 |
|
|
2022 |
331,500,000 |
|
|
2023 |
341,300,000 |
|
|
2024 |
348,200,000 |
|
|
2025 |
355,800,000 |
|
|
2026 |
363,600,000 |
|
|
2027 |
371,400,000 |
|
|
2028 |
379,600,000 |
|
|
2029 |
388,200,000 |
|
|
|
||
|
Total: |
$ 3,486,830,000 |
|
WDFW is not involved in collecting the revenue associated with this bill; Department of Revenue does it.
Ecology does not collect fee or tax revenue for the MTCA accounts.
The University of Washington does not anticipate collecting a tax or fee under this bill.
The Department of Health does not collect a fee; therefore, there are no cash receipts for the Department of Health.
The proposed legislation updates the model toxics control program and its primary funding mechanism. There are no cash receipts to the Washington State Patrol as a result of these changes.
The Office of Financial Management will not receive any cash receipts for the requirements of this bill.