Notice of Committee Passage for Senate Bill 5096
Office of the Governor / Office of Financial Management sent this bulletin at 02/18/2021 11:47 PM PSTYou 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.
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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 passed by the Senate Committee on Ways & Means. 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 |
$0 |
|
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
The following legislators voted do pass:
Senator Steve Conway
Democrat
(360) 786-7656
steve.conway@leg.wa.gov
Senator Karen Keiser
Democrat
(360) 786-7664
Karen.Keiser@leg.wa.gov
Senator Sam Hunt
Democrat
(360) 786-7642
Sam.Hunt@leg.wa.gov
Senator Jeannie Darneille
Democrat
(360) 786-7652
DARNEILL_JE@leg.wa.gov
Senator Bob Hasegawa
Democrat
(360) 786-7616
bob.hasegawa@leg.wa.gov
Senator Christine Rolfes
Democrat
(360) 786-7644
christine.rolfes@leg.wa.gov
Senator Jamie Pedersen
Democrat
(360) 786-7628
jamie.pedersen@leg.wa.gov
Senator Marko Liias
Democrat
(360) 786-7640
Marko.Liias@leg.wa.gov
Senator Reuven Carlyle
Democrat
(360) 786-7670
Reuven.Carlyle@leg.wa.gov
Senator David Frockt
Democrat
(360) 786-7690
David.Frockt@leg.wa.gov
Senator June Robinson
Democrat
(360) 786-7674
june.robinson@leg.wa.gov
Senator Lisa Wellman
Democrat
(360) 786-7641
Lisa.Wellman@leg.wa.gov
Senator Manka Dhingra
Democrat
(360) 786-7672
Manka.Dhingra@leg.wa.gov
The following legislators voted to refer the bill without recommendation:
Senator Kevin Van De Wege
Democrat
(360) 786-7646
Kevin.VanDeWege@leg.wa.gov
The following legislators voted do not pass:
Senator Mark Schoesler
Republican
(360) 786-7620
mark.schoesler@leg.wa.gov
Senator Jim Honeyford
Republican
(360) 786-7684
Jim.Honeyford@leg.wa.gov
Senator Judy Warnick
Republican
(360) 786-7624
judith.warnick@leg.wa.gov
Senator Ann Rivers
Republican
(360) 786-7634
ann.rivers@leg.wa.gov
Senator Mark Mullet
Democrat
(360) 786-7608
mark.mullet@leg.wa.gov
Senator Sharon Brown
Republican
(360) 786-7614
Sharon.Brown@leg.wa.gov
Senator Lynda Wilson
Republican
(360) 786-7632
lynda.wilson@leg.wa.gov
Senator Keith Wagoner
Republican
(360) 786-7676
keith.wagoner@leg.wa.gov
Senator Chris Gildon
Republican
(360) 786-7648
GILDON_CH@leg.wa.gov
Senator Ron Muzzall
Republican
(360) 786-7618
MUZZALL_RO@leg.wa.gov
Not voting:
Senator John Braun
Republican
(360) 786-7638
john.braun@leg.wa.gov
Legislative Bill Information Website:
http://apps.leg.wa.gov/billinfo/
Initiative 960 Website: http://www.ofm.wa.gov/tax/default.asp