Analysis Complete for Senate Bill 5690

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.

SB 5690, titled AN ACT Relating to creating the universal worker protections act, 10 year analysis 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:

Initiative 960 requires that OFM determine the ten-year cost to taxpayers of any proposed legislation that would raise taxes, impose new fees, or increase current fees. There is nothing in any of the sections of the bill dealing with UI or ESD that involves raising a tax or fee or that creates a new fee. The bill has an indeterminate impact on the trust fund. More taxes could be raised from employers, but more claims may also need to be paid out.

The definition of independent contractor and employment could result in expanded coverage, which could lead to more persons being reported than before, but it would also mean more claimants. So the impact on cash receipts to the trust fund cannot be accurately predicted.