Notice of Complete Analysis for Engrossed Third Substitute House Bill 1324

Office of Financial Management

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E3SHB 1324, titled
AN ACT Relating to creating the Washington rural development and opportunity zone act, 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              B&O Surtax on Timber & Wood Products             Fiscal              Biennial

Year                                                                                                    Year                Total


2020                0

2021                0

2022                0

2023                0

2024                0

2025                2,500,000                                                                    2,500,000        2,500,000

2026                7,300,000                                                                    7,300,000

2027                2,000,000                                                                    2,000,000        9,300,000

2028                8,000,000                                                                    8,000,000

2029                800,000                                                                       800,000           8,800,000

Total               20,600,000                                                                  20,600,000      20,600,000

Legislative Bill Information Website:

Initiative 960 Website: