Analysis Complete for Engrossed Substitute Senate Bill 5998
Office of the Governor / Office of Financial Management sent this bulletin at 05/09/2019 03:51 PM PDT
You are receiving this email as a subscriber to the Initiative 960 email list. RCW 43.135.031 (I-960) requires that notices be sent each time a
bill that raises taxes or fees is: introduced in either house; scheduled for a public hearing; approved by any legislative committee; or passed by either house of the Legislature.
Please note: This email message was sent from a notification-only address. Please do not reply to this message.
ESSB 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 |
$ 70,600,000 |
|
|
2021 |
173,900,000 |
|
|
2022 |
176,600,000 |
|
|
2023 |
179,600,000 |
|
|
2024 |
181,900,000 |
|
|
2025 |
186,100,000 |
|
|
2026 |
190,300,000 |
|
|
2027 |
192,900,000 |
|
|
2028 |
195,500,000 |
|
|
2029 |
199,900,000 |
|
|
|
||
|
Total: |
$ 1,747,300,000 |
|