Notice of Introduction for Senate Bill 5096
Office of the Governor / Office of Financial Management sent this bulletin at 01/17/2021 06:06 PM PST
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SB 5096, titled AN ACT Relating to enacting an excise tax on gains from the sale or exchange of certain capital assets, has been introduced in the Senate. 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 |
Capital Gains Tax |
|
|
|
||
|
2022 |
$ |
|
|
2023 |
1,287,000,000 |
|
|
2024 |
1,371,000,000 |
|
|
2025 |
1,403,000,000 |
|
|
2026 |
1,448,000,000 |
|
|
2027 |
1,497,000,000 |
|
|
2028 |
1,555,000,000 |
|
|
2029 |
1,617,000,000 |
|
|
2030 |
1,678,000,000 |
|
|
2031 |
1,743,000,000 |
|
|
|
||
|
Total: |
$ 13,599,000,000 |
|
Ten-year projection prepared in consultation with the following agencies:
Department of Revenue
Bill sponsors and contact information:
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp