Analysis Complete for Substitute Senate Bill 5998
Office of the Governor / Office of Financial Management sent this bulletin at 05/09/2019 03:49 PM PDT
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SSB 5998, titled AN ACT Relating to establishing a graduated real estate excise tax, 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 |
Real Estate Excise Tax |
|
|
|
||
|
2020 |
$ -1,600,000 |
|
|
2021 |
-100,900,000 |
|
|
2022 |
-92,300,000 |
|
|
2023 |
-103,600,000 |
|
|
2024 |
-103,400,000 |
|
|
2025 |
-105,700,000 |
|
|
2026 |
-108,200,000 |
|
|
2027 |
-110,500,000 |
|
|
2028 |
-113,100,000 |
|
|
2029 |
-115,700,000 |
|
|
|
||
|
Total: |
$ -955,000,000 |
|