Notice of Introduction for Senate Bill 5096

Office of Financial Management

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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
Year

   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