Analysis Complete for Engrossed Substitute Senate Bill 5993

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ESSB 5993, titled AN ACT Relating to reforming the financial structure of the model toxics control program, 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 Year		Hazardous Substance Tax
2020		$ 228,500,000
2021		253,900,000
2022		261,600,000
2023		269,400,000
2024		274,900,000
2025		281,100,000
2026		287,500,000
2027		294,000,000
2028		300,900,000
2029		308,200,000
Total:		$ 2,760,000,000

 

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.