Notice of Complete Analysis for Engrossed Second Substitute House Bill 1873.PL
Office of the Governor / Office of Financial Management sent this bulletin at 10/09/2019 09:55 AM PDT
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E2SHB 1873.PL, titled AN ACT Relating to the taxation of vapor products as tobacco products 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 Tax |
Retail Sales tax |
Vapor Products Tax |
Total |
|
|
|
|||||
|
2020 |
$ 33,000 |
$ 456,000 |
$ 5,974,000 |
$ 6,463,000 |
|
|
2021 |
96,000 |
1,322,000 |
11,224,000 |
$ 12,642,000 |
|
|
2022 |
146,000 |
2,015,000 |
13,656,000 |
$ 15,817,000 |
|
|
2023 |
200,000 |
2,762,000 |
16,262,000 |
$ 19,224,000 |
|
|
2024 |
208,000 |
2,875,000 |
16,922,000 |
$ 20,005,000 |
|
|
2025 |
217,000 |
2,990,000 |
17,604,000 |
$ 20,811,000 |
|
|
2026 |
225,000 |
3,111,000 |
18,314,000 |
$ 21,650,000 |
|
|
2027 |
234,000 |
3,236,000 |
19,050,000 |
$ 22,520,000 |
|
|
2028 |
244,000 |
3,365,000 |
19,814,000 |
$ 23,423,000 |
|
|
2029 |
254,000 |
3,500,000 |
20,606,000 |
$ 24,360,000 |
|
|
Total: |
$ 1,857,000 |
$ 25,632,000 |
$ 159,426,000 |
$ 186,915,000 |
|
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp